This is the perfect setup for a short position in my book, overall trend is a downtrend on the Daily time frame, it has been constantly going down and it’s showing more downside since it did a pullback creating a bear flag, which it has broke out of the flag and it’s retesting, this trade is offering a very good risk reward 1:2 being conservative but it show more potential this is a swing trade for the short term.
Comment what do you think about my first idea
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Comment what do you think about my first idea
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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.