A tasty trade setup based solely on timeframe agreement and price action.
Daily showing signs of bearishness and reasonable signs of reversal.
H4 and lower timeframe give good timeframe agreement to short.
Stoploss above Friday's candle give a decent sized position to allow for a 1:1 reward to risk or beyond.
Sorry about the mic pops in the video!
Daily showing signs of bearishness and reasonable signs of reversal.
H4 and lower timeframe give good timeframe agreement to short.
Stoploss above Friday's candle give a decent sized position to allow for a 1:1 reward to risk or beyond.
Sorry about the mic pops in the video!
Trade closed: target reached
1:1 reward:risk would have been hit this week. I'm still short on this though, as I deem there is still scope for a bigger move beyond the daily lows
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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.