Trend: Bearish (below 200MA)
Trend Continuation Setup: Price is forming a tight buildup, about 10 candles contained within their wicks, going short if the market declines lower and breaks the buildup structure.
Entry: Sell stop order on break of buildup consolidation
SL: reference from daily candle, 1ATR above candle high
TP: Just right before the next daily swing low at the 1248 area.
Risk to reward ratio: 1:1.7
Trend Continuation Setup: Price is forming a tight buildup, about 10 candles contained within their wicks, going short if the market declines lower and breaks the buildup structure.
Entry: Sell stop order on break of buildup consolidation
SL: reference from daily candle, 1ATR above candle high
TP: Just right before the next daily swing low at the 1248 area.
Risk to reward ratio: 1:1.7
Trade closed: stop reached
Daily bullish close and hit SL
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.
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.