Double top (best viewed from W chart). GA has been in consolidation area since last week. Initially, the plan was to enter short trade at top of consolidation range, but GA has broken the support of the range.
I entered short after support break. Short @ 1.856; SL = 1.865; TP = 1.834
I'm keeping this as a smaller trade due to lack of strong price action, the possibility it could retest double top, and because GA has been in an extended run.
4H:
D:
W:
M:
I entered short after support break. Short @ 1.856; SL = 1.865; TP = 1.834
I'm keeping this as a smaller trade due to lack of strong price action, the possibility it could retest double top, and because GA has been in an extended run.
4H:
D:
W:
M:
Trade closed: stop reached
Forgot to update. SL hit 3/6. Minimal loss due to small trade size.
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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.