Strong downtrend since 2013 got broken
Idea is that longs are trapped and so I'm expecting a pullback
Stop at 22.75
Take profit at 20.78
Idea is that longs are trapped and so I'm expecting a pullback
Stop at 22.75
Take profit at 20.78
Trade closed: target reached
Target hit in first week. Still looking to see if the downtrend breakout will indeed fail; I will definitely enter again for a continued down move if it happens.
Let's see how the price action continues to play out.
Sometimes it's good to pullback.
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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.