Hi pros !
Price broke the ascending channel mean a possible
trend reversal here.
The possible scenario
is the price will aim
3220 before pullbacking to 3290
and then falling sharply to 3040 or even 2850
There is an insolent R:R ratio on the short
after pullback
could be between 1:20 and 1:50
Price broke the ascending channel mean a possible
trend reversal here.
The possible scenario
is the price will aim
3220 before pullbacking to 3290
and then falling sharply to 3040 or even 2850
There is an insolent R:R ratio on the short
after pullback
could be between 1:20 and 1:50
Note
should look like thisNote
Trade active
Trade closed: stop reached
we will retry tomorrow or this night, don't force itNote
RETRY Trade closed: stop reached
take the rest of profit on gold to compensate (1:2.4) = -70, +86AB : 3722 + 16 = 3738$
Note
take the rest of profit on USDCAD = +24AB : 3738 + 24 = 3762$
Trade active
Note
Take half on spx profit (1:2.5 reached): +88AB : 3762 + 88 = 3850$
Note
take half of half because we reached support ( 1:6.1 reached) : +107AB = 2850 + 107 = 2957$
Note
3957$ sorry
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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.