Last week, the asset showed some signals that caught attention, which is why it is being added to the portfolio.
Entry at 2.28 with Stop at 1.95
Do the basics.
- Breakout of the downtrend line that had been in place since 12/31/2024.
- Gradual increase in vertical volume since 02/24/2025.
- Weekly Heiken Ashi breakout.
- Strong horizontal volume concentration over the past 20 weeks between 1.95 and 2.20.
- Crossover of the 3-month simple moving average.
- Crossover between the 2-week and 1-month exponential moving averages.
- Nearby support at the 1-year moving average.
Entry at 2.28 with Stop at 1.95
Do the basics.
Trade closed: stop reached
Another day of turbulence due to the FED and Trump's actions. Trading with the S&P 500 below the 3-month simple moving average is always tricky.Yesterday, I tightened some stops to avoid losses, and one got triggered at 2.28, with an average sale at 2.24. I didn’t like it, but it's part of risk management.
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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.