Hello world,
found a possible long entry for a shorter term swing trade.
We have:
- decreasing candle sizes signaling momentum loss
- big weekly support line reached which has been hit several times
- price action forming below the candles also signaling momentum loss and might indicate a short term reversal
- weak, but not underbought RSI
I'd set this up as a short-term swing trade on a 5-8 day basis.
Look into it, one might find this usefull.
All the best,
c4ss10p314
found a possible long entry for a shorter term swing trade.
We have:
- decreasing candle sizes signaling momentum loss
- big weekly support line reached which has been hit several times
- price action forming below the candles also signaling momentum loss and might indicate a short term reversal
- weak, but not underbought RSI
I'd set this up as a short-term swing trade on a 5-8 day basis.
Look into it, one might find this usefull.
All the best,
c4ss10p314
Trade active
Trade closed: stop reached
Turned around. Might continue 4D channel now and actually break the .450 W-lineTrade active
Trade active
stoploss on breakeven
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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.