Short term Trade Dow
US markets appear battered, yet the overarching picture remains bullish.
We are opening a long position with two take profits.
It is probably no coincidence that the 50% Fibonacci retracement marks exactly the upper edge of a bearish breaker block.
This is a short-term trade.
We place the stop loss below the sell side liquidity and target the 50% retracement with TP1 and the recent highs with TP2.
We are opening a long position with two take profits.
It is probably no coincidence that the 50% Fibonacci retracement marks exactly the upper edge of a bearish breaker block.
This is a short-term trade.
We place the stop loss below the sell side liquidity and target the 50% retracement with TP1 and the recent highs with TP2.
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.