This, to me, is the next possible short scenario now that we've seen yet another fast paced breakout long.
The speed of these moves long makes me doubt that they'll last. I'm still looking short.
I'm looking for price to sit still in this area for the rest of the session for me to consider going short from here.
These breakout patterns are my most accurate setups when all my conditions are met. Right around 80%.
We'll see how things play out.
The speed of these moves long makes me doubt that they'll last. I'm still looking short.
I'm looking for price to sit still in this area for the rest of the session for me to consider going short from here.
These breakout patterns are my most accurate setups when all my conditions are met. Right around 80%.
We'll see how things play out.
Note
Reversal signs right at 1.00000This is looking like a valid sell
Trade active
In short!Note
If I see a new low, this trade is safe!Note
New low! lets see what this trade will payout on Friday!Note
Protecting Position! There's a descending wedge on the chart. That's usually a bullish signal. Moving my stop to break even.Note
Trade closed manually
Took 15 pips, I just want to see how this triangle breaks!Note
It broke through the bottom!Running a 5 pip stop to the same TP as before. Nothing to lose considering the fact that it would really just result in a 10 pip gain from a losing trade. I'll take that risk!
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Related publications
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.