Following last week's sharp whipsaw that ended in a downtrend due to the tariff announcement, the expectation is for the downward trend to continue. That said, price action may ultimately tell a different story.
Trade active
Sell entry 900 sl -15pips
Trade closed: stop reached
Sell reentry @254 sl: BE
Note
Price pinching +60pipsMove SL +20pips
Note
2 trades: -15/+20 = +5pipsSell reentry @236
SL - 15pips
Note
3 trades: -15/+20/0 = +5pipsA gentle reminder: Sl is moved to BE, once entry pinches +20pips, except where otherwise stated.
Sell reentry 196
Sl -10pips
Note
Price pinching +50pipsMove SL +10pips
Note
Price pinching +80pipsMove SL +30pips
Note
Price pinching +100pipsMove SL +50pips
Note
Entry 196 pinched +120 pips. 4 trades: -15/+20/0/+120, resulting in a total of +125 pips.
Trading for the week completed on day 1!
Exciting new market and strategy coming your way.
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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.
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.