After a downtrend, price entered a distribution phase. Price broke down from support and pulled back in form of a bear flag. The bear flag has now also been broken.
There is also a Death cross indicating bear market conditions.
Entry: Pullback to 50ema or bottom of bear flag.
Stoploss: 6.05
Target: 3.25
There is also a Death cross indicating bear market conditions.
Entry: Pullback to 50ema or bottom of bear flag.
Stoploss: 6.05
Target: 3.25
Trade active
Entered at 5.30Note
Updating Target:Target: Trailing 10ema or 3.25
Trade closed: target reached
Exit: 4.24 - +20%, 1.41 RR ration
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.
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.