Short
Short TOMO
On 1D TF, TOMO has been moving in an descending and broadening channel (see the screenshot below).
Price has just touched the upper resistance trendline and being rejected.
On 4H TF, TOMO had already broken its trendline.
As a result, a referenced setup is as in chart.
1D view:
Price has just touched the upper resistance trendline and being rejected.
On 4H TF, TOMO had already broken its trendline.
As a result, a referenced setup is as in chart.
1D view:
Note
TOMO was down 9% now bouncing from the daily trendline support. SL moved to entry and probably to re-enter if break even.
Note
Break-even. I'll consider to open this trade againNote
Trade reactivated with the following setupNote
Just a reminder for the new set-up:SL = $1.4466
TP = $1.06 - $0.9468 - $0.801
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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.