Quick SHORT Idea on CADEUR
Updated
Situation:
CADEUR is forming a downtrend. It which might be confirmed soon (pink dashed line).
Another point of potential movement will be the breaking of the yellow trend (yellow dashed line). Might even have some SHS flavour to it.
Plan:
Short CADEUR at the confirmation of the pink trend.
Execution:
Trade the trend with SL at the last lower high.
CADEUR is forming a downtrend. It which might be confirmed soon (pink dashed line).
Another point of potential movement will be the breaking of the yellow trend (yellow dashed line). Might even have some SHS flavour to it.
Plan:
Short CADEUR at the confirmation of the pink trend.
Execution:
Trade the trend with SL at the last lower high.
Trade active
While I was writing the idea, the price fell down through both dashed lines.Trade closed: stop reached
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.