After failing to make a new high and a break of the lower trendline of a rising wedge, I decided to take a small risk trade on the nasdaq and trail my stop to see where it leads me.
Trade active
Adjusted my stop at entry. Now into a risk free trade on the first position.Added more on the breakdown of the last support. Stop at 6895.
Trade closed manually
Took partial profits at the last low at 6700 and protected my entries to have a risk free trade with the remaining. Expecting at least a consolidation/retracement for now.Trade closed manually
Closed all positions because of the lack of follow through and the fact that this is friday. Will see if there are shorting opportunities next week.Made a nice profit on this trade so overall happy with the call.
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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.