After another up move we still have divergence beween up impulses in all time frames and we have regular flat in 1D chat. I'm still looking for short trades. I put an entry order and now trade is active. You can wait for break out. This is a trade with high risk. I put at risk only 0.25% percent of my account. Because of very close stoploss I could take very nice size trade.
Note
Move stoploss to breakevenNote
If you missed previous entry you can put a pending order at one of those fib confluences (786 + 118 or 618 + 272) with stoploss above red line. Trade closed: stop reached
First trade stopped out with breakeven.Note
Second trade is still on and its stoploss at breakeven. The structure between aqua lines can be correction. It is not clear yet. Note
Trade still on, I'm just waiting for more down side.Note
It looks like a correction is in the making. I'm waiting for its completion in order to take another short trade. Trade closed: stop reached
Stopped out with break even.
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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.