Hello everyone. As it is written on the chart. We will take the trade as following :
1. 1998 High is swept
2. We take the trade with confirmation lower tf (5m)
3. Break trendline and stays below we add to position.
OR
1.We take the trade only once the TL is broken if the above does not work
2.Holds and retests
Manage the risk carefully
1. 1998 High is swept
2. We take the trade with confirmation lower tf (5m)
3. Break trendline and stays below we add to position.
OR
1.We take the trade only once the TL is broken if the above does not work
2.Holds and retests
Manage the risk carefully
Trade active
The trade is active.. Line in the sand is 150...I have small pos that dont affect me that much... Its quite stubborn but i guess thats where the intervention will happen.
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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.