LNG on NEE with proper STP LOSS placementThe Setup
The Long-term(M) chart is in an downtrend
The current-term(W) chart is in new formed uptrend
The small-term(D) chart used to ENTER and EXIT
The odd Enhancers
- the ENTER was in the DZ (demand zone) of the (W) chart Higher Low uptrend.
- tight STP loss
- if the DZ holds there is room for profit to run
The trade followed all the rules the ENTER and the EXIT or STP-Loss is calculated with a good Reward to Loss ratio.
The DZ did not hold on a bearish day and a close in the (D) day chart below the DZ, triggered my STP LOSS
I See the long-term(M) monthly chart is already in a technical downtrend. the Weekly Chart (W) did not break the (M) downtrend. By breaking the Demand zone, the Weekly chart is technically in a downtrend. Looking for opportunities to short