Down Trend. Price close to the upper band of the regression line. Overbought indicator
Note
15 min Bearish Divergence and a higher high formed with high speedNote
Due to the anouncment of the non-farm payrolls today I re-adjusted the risk reward profile of the trade. I reduced my position size with a little bit of loss so I can extend the targets. When volatility is going to heat the markets we need to re-adjust our positions or even close them sometimes. Also the trend has swifted upwards so this could mean I should reduce our position and risk furthermore. I am going to wait a little bit longer for that. the anouncement is in 2.5 hours.
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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.