Lower line channel didn't hold. Price didn't reach our entry point to go long.
New set up: looking to go long at entry point.
If price bounce up but retrace before triggering our long position looking to go short as shown.
New set up: looking to go long at entry point.
If price bounce up but retrace before triggering our long position looking to go short as shown.
Note
short position with stop loss close to price, expecting bounce at SHORT TARGET 1Trade closed: target reached
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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.