Keeping it simple here,
- We have two nice clear trend lines that have been respected previously
- Our daily OB has given us some nice resistance timing perfectly with the trend
- RSI is showing overbought
Playing it safe with a tight stop just above the wicks from the last few days or where ever you feel comfortable
Please comment if you find my idea useful :)
- We have two nice clear trend lines that have been respected previously
- Our daily OB has given us some nice resistance timing perfectly with the trend
- RSI is showing overbought
Playing it safe with a tight stop just above the wicks from the last few days or where ever you feel comfortable
Please comment if you find my idea useful :)
Note
Depending on where you put your stop you may have exited the trade Im still short and see this as being valid still
Trade closed: stop reached
Stop hit and trade is now invalid.
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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.