Bearish engulfing candle, with multiple support level breaks
Note
Stop Loss should have been moved to secure a small profit by now. There is no target for this trade. Hopefully after the correction there will be an opportunity to add on and continue to secure more profit. Exiting this trade should be done with the SL that is moved in profit.
Note
Although the mock target was reached there was a second opportunity on this trade as it rejected the same level as the initial trade. If price can trade below 2658 we could see it drop and retest the 2620-2610 range.
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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.