Breakdown is expected any day but as traders its important to be ready for movement in either direction. As long as hourly (at least) candles are closing above trendline supports I am not dismissing a bullish scenario. This scenario works in synergy with my bearish scenario as the first TP level of the short equates to this entry-level, however since we are expecting a dump the short takes priority over this long. If price action is to continue up... taking it level by level trying to stay profitable.
Trade active
Buy level reached + exit toward TP 1 = ACTIVE TRADETrade active
TP 1 Hit... SL Moved to entryTrade closed: target reached
All targets achieved. Stay tuned for further ideas.Note
Trade = Fully Realized Win
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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.