Reason for entry: Trending down - crossed the moving average
Risk/reward ratio: 4.28
Potential profit: 109%
Indicators: RSI, CCI, MACD all indicate bearish trend
Multiple time frame support (1W, 1D, 4H): Yes
Moving Average: Below moving average
Upcoming news announcements: None
Risk/reward ratio: 4.28
Potential profit: 109%
Indicators: RSI, CCI, MACD all indicate bearish trend
Multiple time frame support (1W, 1D, 4H): Yes
Moving Average: Below moving average
Upcoming news announcements: None
Trade closed: stop reached
Result: Sudden turn to the upside and got stopped out at a 26% loss.Lesson learned: shit happens :)
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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.