Previously stopped out on this trade setup a few days back, price climbed above the 52wk high and is now at the .5fib level of ATH/ATL . Daily candle closing as shooting star and price is extended more than 300 pips from Kijun-Sen, also bearish div apparent on the 4hr. Taking a short entry on the first bear fractal break.
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<>My multi-indicator script here
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<>My multi-indicator script here
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Fractal broken, we're short.Note
Looking good. Areas to watch are marked on the chart.[img]
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Bringing SL into profit, check the image. Mind price action at the fib levels too, this uptrend is strong and the retracement may not be as deep as I hope.[img]
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Took profit on this set up. Price pulled back to our zone but I missed the entry, looking for for the kumo breakout to the downside on the 4hr[img]
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Bearish div on the daily as the market approaches the .5fib of ATH, again looking for weakness in this zone for another short.[img]
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Moving SL into profit though expecting this to run[img]
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Stop loss moved down above the bull fractal[img]
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Took profit, will keep an eye for another short entry[img]
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Target hit if you happened to take the short on OCT 10 [img]
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.