-41 week horizontal range
-Concise double top
-Breakout on the 7th
-Was met with a retest of prior range into the weekly close (the fact that price was not able to close back within pattern is positive)
Looking to establish a position of 120 basis points split into 2 tranches
-Concise double top
-Breakout on the 7th
-Was met with a retest of prior range into the weekly close (the fact that price was not able to close back within pattern is positive)
Looking to establish a position of 120 basis points split into 2 tranches
Note
Stop sell order inNote
Dialled back planned exposure to a total of 80 basis points due to the price trading either side of the rangeNote
Not pursuing this trade. I don't like how the price action didn't respect the boundary
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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.