NEO/USD Short
Hi everybody,
NEO/USD has formed a triangle pattern that looks like the price is about to drop down if it can break the last low that is acting as support line (32.2 $) and as you can see a death cross has occurred for 128 and 200 period MA lines.
If the support line is broken I expect three targets (28.8, 22.8 and 11.4 $) that are shown on the chart and if the trade is unsuccessful I have also a stop loss point that is also shown on the chart. I should mention that the first target has the highest probability and the third one has the lowest probability of reaching.
NEO/USD has formed a triangle pattern that looks like the price is about to drop down if it can break the last low that is acting as support line (32.2 $) and as you can see a death cross has occurred for 128 and 200 period MA lines.
If the support line is broken I expect three targets (28.8, 22.8 and 11.4 $) that are shown on the chart and if the trade is unsuccessful I have also a stop loss point that is also shown on the chart. I should mention that the first target has the highest probability and the third one has the lowest probability of reaching.
Trade active
The price hit the entry point and I am short on NEONote
First trget is reached
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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.
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.