Price reached the weekly resistance along with the retest of a previous broken long trend line. In the test of the weekly resistance the price broke, again, the long trend line and is now retesting it, but is already showing some rejection bearish candles. I`m waiting for a clear bearish price action to go short!
Trade active
Nice Bearish push! There we go!Note
That is the kind of trade we all want, just plug and play! If the price come back to one of the previous broken supports and retests it as resistance I`m gonna be looking for a re-entry!Don`t forget to eliminate your risk, put the stop loss in your entry price!
Note
The price came back to retest the broken support as resistance and gave us some strong seller pressure in the area, I`m going short again, so now I`m with two active selling orders.Note
Still Holding On! There we go again!Note
I`m closing half of my position an putting stop on the break even point.Trade closed manually
Price is finding some difficulties to make lower lows, It was a beautiful trade!
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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.