As the hourly range trend is about to break, it indicates the continuation of the downtrend. In the short term, at least. I entered the short just after confirmation of downward momentum on the 15 minute timeframe. Target is at the next untested hourly support level.
Trade active
Reached 1 RR. Stop loss moved to break-even.Officially a risk-free trade now.
Trade active
Reached an hourly support level that could proved detrimental if left unmonitored. Updated the stop-loss level to a few pips above the previous lowest selling price of the last bearish candle on the hourly.Trade closed: target reached
initial target got reached.I exited at the new stop loss for small portion of profits.
could've taken more but a win is a win.
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.