Short
5 YR T-NOTE [4hr, Short]: Trend Continuation Trade
Market Cycle: Declining Stage
Confluences:
- Downtrend (strong trend as below 20MA)
- Market formed a head & shoulders pattern and declined upon break of neckline
- Entry on limit order of neckline so as to get a better risk to reward ratio
- SL 1ATR above "head"
- Trail SL and exit trade when market closes above previous week high
Confluences:
- Downtrend (strong trend as below 20MA)
- Market formed a head & shoulders pattern and declined upon break of neckline
- Entry on limit order of neckline so as to get a better risk to reward ratio
- SL 1ATR above "head"
- Trail SL and exit trade when market closes above previous week high
Note
Price rallied higher and closed above previous week high. Closed price at breakeven
Trade closed: stop reached
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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.
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.