TRXM19 Head and Shoulder Short
Updated
Was slightly late in identifying this setup. I usually will short on the Right Shoulder and take my TP1 at the neckline. Price has risen significantly last night and a change in trend is underway.
However, there may be chance for a small pullback up and then take the short.
One thing to note for all traders, DO NOT chase the trade! I repeat DO NOT chase! We want to sell at the highest price possible and buy at the lowest price possible, this is what set a professional apart from novice.
Entry: 0.00000611
SL: 0.00000618
TP: 0.00000590
Risk-Reward: about 3
Can consider to take partial profit at 1:1.
Do like, share and follow us for more analysis like this regularly.
However, there may be chance for a small pullback up and then take the short.
One thing to note for all traders, DO NOT chase the trade! I repeat DO NOT chase! We want to sell at the highest price possible and buy at the lowest price possible, this is what set a professional apart from novice.
Entry: 0.00000611
SL: 0.00000618
TP: 0.00000590
Risk-Reward: about 3
Can consider to take partial profit at 1:1.
Do like, share and follow us for more analysis like this regularly.
Trade active
Hope you guys gotten your fill at 0.00000611 :)Can consider taking partial profit to risk-free your position.
Trade closed: target reached
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.