sSTOP LOSS: 51
TAKE PROFIT: 49.65
Risk-reward: 46.42
Longer term trend: Bearish
Current trend: Bullish
General comments:
PEG has been in a downward trend since Mid November. A bearish trendline was formed with 2 confirmed touches, and we are speculating on the third one - continuing the decline.
What I like:
1) Trade is with the longer term trend, which is bearish.
2) Risk-reward optimal. 2.4x till target and 1.5x till first trouble area, marked with the green flag. It will be when I will take some profit off the table and move stop loss to break even.
What I dislike:
1) Volatile times with global unrest, Syria action, trade wars, etc
Other things to note:
-nil.
*Do support by liking and following! All suggestions/feedback welcome!
x,
iskfx
TAKE PROFIT: 49.65
Risk-reward: 46.42
Longer term trend: Bearish
Current trend: Bullish
General comments:
PEG has been in a downward trend since Mid November. A bearish trendline was formed with 2 confirmed touches, and we are speculating on the third one - continuing the decline.
What I like:
1) Trade is with the longer term trend, which is bearish.
2) Risk-reward optimal. 2.4x till target and 1.5x till first trouble area, marked with the green flag. It will be when I will take some profit off the table and move stop loss to break even.
What I dislike:
1) Volatile times with global unrest, Syria action, trade wars, etc
Other things to note:
-nil.
*Do support by liking and following! All suggestions/feedback welcome!
x,
iskfx
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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.
Automate your trading with Tradingview alerts to Metatrader 4/5 using webhooks.
Start your 14-day free trial now @ pineconnector.com/. Credit card not required.
Start your 14-day free trial now @ pineconnector.com/. Credit card not required.
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.