It's quite an obvious signal in my book, validating all my criteria before entering a trade. We have a PAC broken, a MA dropping under RSI50 and fast MA downing on slow MA with confirmation on weekly TF and small rebound on lower TF (4H). As nothing is set in stone and getting wrecked is quite regular in trading, I'm adding a safe RR that should not kill our account in case we are completely wrong. And remember, this can always be the case in a world ruled by deception and treachery.
Trade with you own diligence,
GL HF
Trade with you own diligence,
GL HF
Note
We may be on the wrong side of the trade this time...Note
It could be a bullish signal. Let's keep our SL, it's there especially for these situation!
Trade closed: stop reached
SL hit, as suspected few weeks ago...
Related publications
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.
Related publications
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.