Possible Double Top - Short position opened
Updated
In expectation of a downtrend as a result of hitting a resistance creating a possible double top. I am in the trade now, very risky, because the double top is not yet confirmed.
Trade closed: stop reached
Stop loss is reached, the potential double top was invalidated.Trade active
I have two new position on this original idea.My initial position was hit by SL, the double top went higher and I entered prematurely, I should have waited for confirmation.
But this trade is now running nicely for me.
Staying with both positions and not cashing in yet.
Trade active
Going nicely in our direction.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.