perfect short Entry for a 5RR
this is one of my favorite setups when it breaks an upward support line and then retests it. It gives me a perfect entry with a good probability of success and a very good Risk to Reward.
Taking it all the way to the next support line.
Taking it all the way to the next support line.
Trade closed: stop reached
The trade didn't work out, the support line held and had a stronger influence on the price than the upwards trendline that had been broken.
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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.