Potential Short Opportunity
Updated
The ACWV/AOR pair is signaling a Short position at the close of yesterday, supported by all indicators, suggesting a promising opportunity.
What to learn more? https://www.pairs-trading-strategy.com/
Want to use our indicators? https://www.pairs-trading-strategy.com/services
- ADX: Indicates no prevailing trend.
- Correlation: Remains high.
- Price: Positioned in the overbought area.
- Historical test: Shows favorable chances.
What to learn more? https://www.pairs-trading-strategy.com/
Want to use our indicators? https://www.pairs-trading-strategy.com/services
Trade active
Trade seams to work good, and no trend momentum/strength entered yet.I will continue to monitor and update.
Note
The trade went the opposite way.I am still waiting to see how it goes, but if the trend momentum strength will start to show up, i will stop the loss (0.5% loss at present)
Trade closed: stop reached
I have closed the trade, since an uptrend started today.loss of 0.55%
Related publications
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.