I am thinking price is slowing at resistance here (you could argue a "bearish engulfing candle"), MACD, a potential throwback to previous resistance, making it support "change of polarity" and a nice ascending trend-line should help make this a nice trade. No red flag news approaching...lets take it! 1% risk, 2:1 RR - Happy Trading!
Trade closed: stop reached
Well, there you have it, a failed trade..but, if i was up for the 1% gain I would have gone to break even and notice how much price respected that support level. Always learning. 1% risk 2:1 RR -Happy Trading.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
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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.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
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.