#3. US30 SHORT (SWING TRADE)
Updated
Confluences to Enter a Sell:
1. Multiple Psychological Level Bounces
2. Valid ABC correction pattern
3. Consolidation Break and Retest
4. Doji's printed along Psychological level indicating indecision + loss of momentum
5. Bearish Candle + Bearish Engulfing coming of Psychological Level
Stop Loss Placed on opposite side of Psychological Level
Take Profit placed at next Psychological Level
3 to 1 Risk to Reward
1. Multiple Psychological Level Bounces
2. Valid ABC correction pattern
3. Consolidation Break and Retest
4. Doji's printed along Psychological level indicating indecision + loss of momentum
5. Bearish Candle + Bearish Engulfing coming of Psychological Level
Stop Loss Placed on opposite side of Psychological Level
Take Profit placed at next Psychological Level
3 to 1 Risk to Reward
Note
Timeline for this trade is 1-2 weeksNote
Stop Loss moved to break even. This is now a risk free trade.Note
Stop Loss moved to 33250 to lock in profits
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