Third retest of yearly pivot S1 and weekly PP
Updated
I entered short right when price hit yearly pivot S1 (and weekly main pivot - confluence!). Stop above yearly pivot S1. Tight. Chaikin AD volume line is in a fine long term bearish downtrend on daily and weekly. Because of that, I dont think the trend will change. What a profitable week we had! Have a nice weekend guys!
PS Always watch for action at yearly and monthly pivot levels. Price respects them a lot.
PS Always watch for action at yearly and monthly pivot levels. Price respects them a lot.
Trade closed: target reached
Banging in 40 pips. RR had been covered a few times
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.