Short
SGGD - Short for short term
Pattern formed
Strong key level above - so price looking to go down a bit.
We will make use of this. Once it reaches desired profit, then price test trend line and go up to test key level support at 4.87
Strong key level above - so price looking to go down a bit.
We will make use of this. Once it reaches desired profit, then price test trend line and go up to test key level support at 4.87
Note
Although this trade turned out to be profit the logic was still wrong. Pattern formation was incorrect as there was a previous clear sign price will come down so it did.
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.