Waiting for the breakdown of the consolidation pattern
Price action has been trapped in a narrow range suggesting that a breakdown of the pattern could have some inertia. In order to get a tight risk on the trade, I have entered the short here and used the Kumo as an initial Stop.
Trade closed manually
Took profit as downward price inertia has faded. Good trade nonetheless
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.
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.