Reason: Price reached to previous swing low. Assume the price will rally
With S50M23P975 @ 60.7 as the hedging position.
Initial TP = Ml blue upslope
RR = 4.82 which is > 3x. Green light.
When the price reaches the ML, sell 2 units. Trail the remaining units.
With S50M23P975 @ 60.7 as the hedging position.
Initial TP = Ml blue upslope
RR = 4.82 which is > 3x. Green light.
When the price reaches the ML, sell 2 units. Trail the remaining units.
Trade active
Short open S50M23 @ 944.6 # 2Trade closed manually
Long close S50M23 @ 918.5 # 2 Profit = 52.2 points.
Note
Open short 930 # 1Open short 940 # 1
Open short 950 # 1
Open short 960 # 1
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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.
Related publications
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.