US30 Midweek short R:R - 3:1
Details of the trade are shown in the photo, nice risk reward of 3 to 1 purely based on some technicals. I believe some stocks have rallied and are now at overbought prices to the extent some profit taking may occur at the next level marked since the moving averages are nicely diverged. This will cause profit taking to occur and a small likely correction for more traders to buy the dip. I would assign a high likelihood to the probability of this trade
GreyTrades
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.