The Pivot based downtrend line on the 4H chart is officially broken. This is why I remain bullish, although on the 1H chart we see a rising wedge, which could indicate a reversal.
For now, I keep my trade open and slightly keep moving my stop loss higher until I see a sell signal.
This is not financial advice, but meant for educational purposes.
As always, Do Your Own Research!
If you agree, please give me a thumbs up or leave a comment. Thanks! Happy trading :-)
Trade closed: stop reached
My stop loss got hit. Decent profit so I'm happy with this trade.
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.