In a massive long-term downtrend.
Price is currently in downtrend rejecting dynamic resistance in 200ema.
This is a great chart on how to use Stochastic indicator:
In downtrend, when price pulls back to dynamic resistance and stochastic is over-bought, this is cue to enter trade short.
The past 4 times now price has pulled back to dynamic resistance of 200ema and stochastic has been in “over-bought” territory, price has made a down move.
We are currently at 200ema and stochastic is in over-bought.
Today’s candlestick closed a gravestone doji. Cue to enter short.
Will be entering trade short.
Entry: 11.12
Stop loss: 12.60
Target: 7.07, +36.48%, 2.76 RR ratio
Price is currently in downtrend rejecting dynamic resistance in 200ema.
This is a great chart on how to use Stochastic indicator:
In downtrend, when price pulls back to dynamic resistance and stochastic is over-bought, this is cue to enter trade short.
The past 4 times now price has pulled back to dynamic resistance of 200ema and stochastic has been in “over-bought” territory, price has made a down move.
We are currently at 200ema and stochastic is in over-bought.
Today’s candlestick closed a gravestone doji. Cue to enter short.
Will be entering trade short.
Entry: 11.12
Stop loss: 12.60
Target: 7.07, +36.48%, 2.76 RR ratio
Trade closed: target reached
Exit: 7.07, +36.48%, 2.76 RR ratio
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.
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.