This could be nice opportunity to look for short oppotunity.
Take profit should be based on price action that would unfold.
We see that price is moving down and there were several confirmation in engulfment and now in previous candle closed strong in shadow.
Lets see.
Take profit should be based on price action that would unfold.
We see that price is moving down and there were several confirmation in engulfment and now in previous candle closed strong in shadow.
Lets see.
Trade active
So far this work out quite fine. Still opportunity to capture little bit more gains.
Also important to keep eye on price action in order to see whether the trend is not dying out.
Trade closed manually
I would stop it now. It starts to look like some kind of turning point,
for my quick set-ups this is enough.
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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.