Would probably short hopefully as close as possible to $7,400 or wait until confirmation of breakout of the bear flag. With a stop loss above $7,450. Profit target would possibly be around $7,050-7,100. Edit: There is a bearish divergence with the money flow index further aiding the case of the bear flag succeeding and hitting the target. Thanks for reading my first idea! I hope it works out and you guys can probably make some money with a short.
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Wow impressive! Looks like my idea isNote
Coming to fruition lol.. anyways the update is to trail your stop loss to $7,380 reducing risk since the bear flag is now confirmed.Note
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Almost close to the target region.Note
Hey everybody I’m back with an update and we’re pretty much headed to profit target now. What I would advice to do in these last few hours of the trade is to trail the stop loss once again to $7,320 to further reduce risk and capture some of the profits already made. Anyways thanks for reading my idea once again and enjoy!
Trade closed: target reached
Target reached! Closed my short at $7,080. Thanks for trading :)
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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.