Going Short on a break below the current 4H candle. It could be the setup of the a "Double Top" or just a simple range trade.
Either way the ROI is 2/1 or 4/1 on a break of the neck line. A neck line break seems to also fall in line with the old trend-line.
Selling half at the neck-line in case of a bound. The remainder will be felt with the stop at break even.
Either way the ROI is 2/1 or 4/1 on a break of the neck line. A neck line break seems to also fall in line with the old trend-line.
Selling half at the neck-line in case of a bound. The remainder will be felt with the stop at break even.
Trade active
Trade activated.
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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.