Short $FANG - 1D TF
Updated
I shorted 
FANG yesterday. Price closed below DC20 on 6th November, MA50 is below MA200. RSI, MACD are bearish.
Weekly MA50 has crossed MA200 and price closed below DC20 a few weeks ago. RSI, MACD are bearish.
TP is next major support above 55.48.
SL is monitored depending price action in the upcoming weeks. Currently I would think IF 1D candle closes above MA50 and DC20. So it is a dynamic SL with time.
Current RR is not that favorable based on the above however continuation of the trend is quite likely and current price action suggests further down.
Any comments are more than welcomed! Thank you and please trade carefully and with money only you can afford to lose.
etoro.com/people/drgorogbalazs
FANG yesterday. Price closed below DC20 on 6th November, MA50 is below MA200. RSI, MACD are bearish.Weekly MA50 has crossed MA200 and price closed below DC20 a few weeks ago. RSI, MACD are bearish.
TP is next major support above 55.48.
SL is monitored depending price action in the upcoming weeks. Currently I would think IF 1D candle closes above MA50 and DC20. So it is a dynamic SL with time.
Current RR is not that favorable based on the above however continuation of the trend is quite likely and current price action suggests further down.
Any comments are more than welcomed! Thank you and please trade carefully and with money only you can afford to lose.
etoro.com/people/drgorogbalazs
Trade active
weekly:Trade closed: stop reached
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