Down Trend. Price was close to the upper band of regression line but unfortunately price formed a Bearish engulfing pattern and went down dramatically. There is also a bearish divergence.
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15 min. Bearish divergence. A lot of upward price rejections formed through bearish engulfing patterns. 0.20% risk taken
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I didn't take profits yesterday. I choose to trail it with creating a positive r/r ratio
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Trend has changed to positive. Closed half of the position.
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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.