This time I'm going to try a range trade.
We see a good horizontal channel that holds on pretty well.
In combination with a RSI that has been higher at the top and is descending now we can try a short like seen on the chart.
This trade will need a couple days I guess but it has a Risk Reward of 3.27.
Thanks for reading and I will keep updating this.
Wesley
We see a good horizontal channel that holds on pretty well.
In combination with a RSI that has been higher at the top and is descending now we can try a short like seen on the chart.
This trade will need a couple days I guess but it has a Risk Reward of 3.27.
Thanks for reading and I will keep updating this.
Wesley
Trade closed: stop reached
Stop got reached, in a few days I will take a look back what happened.Note
It looks like it’s following the arrow as drawn.Sad to see the too tight stoploss made it a small loss for now.
For the learning I’m still watching this pattern while not being in it.
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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.