Short
#3. US30 SHORT (SWING TRADE)
Confluences to Enter a Sell:
1. Multiple Psychological Level Bounces
2. Valid ABC correction pattern
3. Consolidation Break and Retest
4. Doji's printed along Psychological level indicating indecision + loss of momentum
5. Bearish Candle + Bearish Engulfing coming of Psychological Level
Stop Loss Placed on opposite side of Psychological Level
Take Profit placed at next Psychological Level
3 to 1 Risk to Reward
1. Multiple Psychological Level Bounces
2. Valid ABC correction pattern
3. Consolidation Break and Retest
4. Doji's printed along Psychological level indicating indecision + loss of momentum
5. Bearish Candle + Bearish Engulfing coming of Psychological Level
Stop Loss Placed on opposite side of Psychological Level
Take Profit placed at next Psychological Level
3 to 1 Risk to Reward
Note
Timeline for this trade is 1-2 weeksNote
Stop Loss moved to break even. This is now a risk free trade.Note
Stop Loss moved to 33250 to lock in profits
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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.
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.