Re-entered lowest KC buy zone. Expecting a buy signal soon and anticipating W/MACD cross. Classic double bottom foul play highlighted above. Trapping longs first, now shorts that entered on the 200MA break.
Toehold position in place, stop at Friday's low.
Good Luck.
Trade active
The bad start to the week had me a little concerned, but it looks like the bounce will hold. With a bit of momentum, this should retrace at least 50% of the last leg down. Stop moved to 1.20840 (low of the week).Trade closed: stop reached
Trade finally expired with a reversion to short. Looking for a healthy pullback into the end of the year.
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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.