This setup is coming along. Look for pair to double top. Entry is dealer's choice. For me, it is a limit sell order with known RRR. If this thing goes the way the indications forestall, it can very well 10x the initial 1R
[1 R is a unit of measure. That is your capital at risk. Look for trades such as this short that potentially gain several R per 1R risked.] Enjoy.
[1 R is a unit of measure. That is your capital at risk. Look for trades such as this short that potentially gain several R per 1R risked.] Enjoy.
Trade active
Trade is in place. Limit sell order triggered. Sitting on $100 profit so far. Profit target is $3500Order cancelled
This is not moving the way it needs to move. I am looking to close the position for as small a loss as I can. I will take a loss on this. I am getting out. The blue line is the way I had expected the pair to move. And it is clearly going off script. So, I am out. I will keep track of it for when the proper set up is back in play.
GG
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.
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.