Price 7100
SL 6900
Target - waiting for price to stabilise first.
SL 6900
Target - waiting for price to stabilise first.
Trade closed manually
After looking at the whole move, I have made some conclusions.
1. The rejection at 7500 was a bearish sign.
2. The red bar drop totally changed my bullish view.
3. I have turned bearish now.
I think we would really be going to 6k this time. Only if price starts to consolidate and regain 7200 would I rethink my view.
For now I will close my longs and wait it out until a better opportunity comes, be it short or long.
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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.