There are 3 reason i entry this short position :
1. RSI in oversold state
2. Trend is in bearish trend (still below 200 MA)
3. Bounced off from bearish trendline resistance.
This set up is for my trading learning process, please do your own research before you take entry position.
1. RSI in oversold state
2. Trend is in bearish trend (still below 200 MA)
3. Bounced off from bearish trendline resistance.
This set up is for my trading learning process, please do your own research before you take entry position.
Trade closed: target reached
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.
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.