After a M formation and a low being formed, the price has failed to make a new high. Im looking for a new low to be formed or another test of 40500. Im selling here with a stop loss above the recent made high on lower time frames. If we do break this trendline and head to 40500 I will look to close a 1:3 or hold depending on what the price does at that level.
Trade active
looking for a break of support/trendline to validate trade idea. a break of the high will invalidate trade idea.
Trade active
Putting trade at break even at 1:1. If this support break should see target reached.
Trade closed: target reached
At 1:2.5 on the trade. Not going to keep managing this trade idea here but direction was right.
Trade closed: target reached
target hit. took same trade on funded account
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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.