I am looking to open a short position with multiple targets. If the price continue to drop, I will re-evaluate the market structure on 4h timeframe.
Also I will increase my position size if I see a double top or a bearish pattern forming on a lower time frame.
Keep in mind that this is just an example. Stop-Loss and Entry are calculated after price action is confirming a potential reversal.
Also I will increase my position size if I see a double top or a bearish pattern forming on a lower time frame.
Keep in mind that this is just an example. Stop-Loss and Entry are calculated after price action is confirming a potential reversal.
The above references an opinion and is for information purposes only. It is not intended to be investment advice.
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.
The above references an opinion and is for information purposes only. It is not intended to be investment advice.
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.