- This idea is based on moving average
- Long term trend: up (hovering around MA100, good time to buy with tight stoploss)
- Medium term trend: down
There is a chance it drops down to ~115 (at .618), set stoploss at 110.
Target is 250 based on fib retracement.
*Keep in mind: MACD does not look pretty at the moment, but we shall see.
- Long term trend: up (hovering around MA100, good time to buy with tight stoploss)
- Medium term trend: down
There is a chance it drops down to ~115 (at .618), set stoploss at 110.
Target is 250 based on fib retracement.
*Keep in mind: MACD does not look pretty at the moment, but we shall see.
Trade closed: stop reached
closed without a loss, not bouncing with enough strength. pass on this one
Note
I closed this one without any hesitation.I hesitated for a LONG time on the verge trade and that cost me some $.
I made a mistake and I will learn from it.
In the future, I promise myself to be more decisive in closing positions when the chart gets fishy.
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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.