DE was trading sideways in 320-400 range and attempted a break out above. I was actually looking for this move, but did not get into the trade because I didn't have a target to the upside. Shortly after, it crashed and broke down below 320. Now we have a target to the downside, as there are practically no support until 180.Entry: 313 (or in that area. One could hope for a green open and short it around 320)
SL: 356 - this will be adjusted according to entry. I will update.
TP: around 185 - this will also be adjusted according to entry.
I like my risk/reward ratio around 3, so everything will be adjusted around this.
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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.