GER30 SHORT GOOD RISK TO REWARD
1.All timeframes are overbought
2. This has a previous days high and it constantly getting resisted at this level
3. There is a pattern on H1
4. Against the trend but there is a lot of divergence and consolidation
5. If this is unable to break the H1 trendline must get out immediately
6. 60 pip stop loss
2. This has a previous days high and it constantly getting resisted at this level
3. There is a pattern on H1
4. Against the trend but there is a lot of divergence and consolidation
5. If this is unable to break the H1 trendline must get out immediately
6. 60 pip stop loss
Trade closed: target reached
This was an awesome trade. Took the trade at the perfect level and could have done better to exit.
It is important to always note the exit point when getting into the trade. For this trade, the exit was at the high of the previous week. This would have given maximum profit. This also meant that you need to switch to BE at this point of time as M15 is oversold.
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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.