Price moved below my support (now resistance) zone. I opened a short trade after a retest & hold.
Short @ 12.1742; current SL @ 12.3430
My current position is modest. I wanted to be more conservative since we are going into the weekend.
1M:
1W:
Last two completed bars failed at pushing higher. It is oversold. Bears could get rejected as well, however the current candle is almost complete.
4H:
pinbar formed support. Retested R/S zone, which gave me an opportunity to enter short trade. I would like to see price move below 12.065.
Short @ 12.1742; current SL @ 12.3430
My current position is modest. I wanted to be more conservative since we are going into the weekend.
1M:
1W:
Last two completed bars failed at pushing higher. It is oversold. Bears could get rejected as well, however the current candle is almost complete.
4H:
pinbar formed support. Retested R/S zone, which gave me an opportunity to enter short trade. I would like to see price move below 12.065.
Trade active
I added to position (larger lot size than initial) @ 12.19432I took profits on the original position and about 1/2 of the new short entry.
Currently, I'm still short @ 12.19432. I also have sell limit orders in place to add to my position if price pulls back.
Trade active
Price never pulled back to execute any of my Sell Limited Orders. Initial position still open with substantial gains. No firm TP set at this time. Trade active
Key level's I'll be looking at.Trade closed: target reached
Took profits at 11.86525Very nice trade. Possibly will reenter if pull back occurs.
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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.