Inside tailed bar in short term downtrend
Today price retraced into previous broken support that now has become resistance.
If price breaks below the lower low I will sell.
Stop will be above the resistance area and target will be the next support level.
If price breaks below the lower low I will sell.
Stop will be above the resistance area and target will be the next support level.
Note
Adjusted the trade:Trade closed manually
Bullish pin bar / fakey formed signaling close of short positions
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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.