Short
Short on the daily chart
Hi all,
I only take positions on the daily/weekly chart when trading equity as they are not open 24/7 and I find my win rate is higher historically. I have taken this setup.
A simple setup
Reasons to go short
- Rejection candle on the 50MA
- support at 889 level
- descending trendline
- candle on the 06th Jan 2017 broke through previous days candle
- stop goes above the rejection candle
I only take positions on the daily/weekly chart when trading equity as they are not open 24/7 and I find my win rate is higher historically. I have taken this setup.
A simple setup
Reasons to go short
- Rejection candle on the 50MA
- support at 889 level
- descending trendline
- candle on the 06th Jan 2017 broke through previous days candle
- stop goes above the rejection candle
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.