Yesterday's daily rejection candle indicates that there would be a possibility of price reversal. Located near the resistance area, we could treat the candle as a signal for shorting the market.
You can place the trade now or using sell stop order for a conservative approach. High of the candle will also act as an invalidation or a signal that the market want to break the resistance and continue its upward movement.
Entry: Current price (aggressive) / Using sell stop below yesterday's rejection candle (conservative)
Stop: Above yesterday's high
Target: Nearest support area
Please trade with care :)
You can place the trade now or using sell stop order for a conservative approach. High of the candle will also act as an invalidation or a signal that the market want to break the resistance and continue its upward movement.
Entry: Current price (aggressive) / Using sell stop below yesterday's rejection candle (conservative)
Stop: Above yesterday's high
Target: Nearest support area
Please trade with care :)
Trade active
Lets pray that this trade will play out as expected :)Trade closed: stop reached
:(
Adityan Mulia, M.T
TradingView Indonesia
Email:
madityan@tradingview.com
Telegram channel
t.me/tradingviewindonesia
TradingView Indonesia
Email:
madityan@tradingview.com
Telegram channel
t.me/tradingviewindonesia
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.
Adityan Mulia, M.T
TradingView Indonesia
Email:
madityan@tradingview.com
Telegram channel
t.me/tradingviewindonesia
TradingView Indonesia
Email:
madityan@tradingview.com
Telegram channel
t.me/tradingviewindonesia
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.