YM Short trade 10/27/2024
Updated
YM is in a downtrend in daily and 4hr chart. So, macro match. It is the weakest market among all the equities. Taking a short position in confluence supply zone (top HV supply zone that coincides with the 4hr 21 EMA). We have another HV SZ that coincides with 4hr 200 EMA (bottom zone). Risk= $250. Target= 1.1 from entry.
Trade closed manually
Price didn't hit my deep entry price. But it hit the zone and hit 1:1. No drawdown trade.Comment
Beautiful trade. No drawdown trade. The second zone worked well with a 3:1.
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.