Down trend. Price close to the upper band. Overbought indicator. Targets adjusted for the upcoming anouncment of the non-farm payrolls..! (0.021% risk)
Note
15 min Bearish engulfing pattern formed. ovebought indicator. the announcment came up and we didnt have that much volatility in the S&P 500 so maybe I will adjust the targets again. I may add to the position to form a higher r/r trade.Note
I readjusted the targets and added some more with total risk 0.016% maximum= 0.05% Although the trend has swifted upwards, 2-3 hours after the announcement the trend was still down. Thats why I added. Now until the trend swift again we i am not adding.Note
In the second position I set the profit target to 2.2 r/r
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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.