In my analysis, the conditions and entry criteria for this short are in place. Price has reached the level and started to react, although the move is relatively slow for a sensitive zone.
However, the stop-loss range is quite wide. For that reason, if price revisits the level, I will place a limit order, with the stop positioned above the previous high.
I’m targeting a primary 1:2 risk-to-reward, with any further extension considered as bonus.
However, the stop-loss range is quite wide. For that reason, if price revisits the level, I will place a limit order, with the stop positioned above the previous high.
I’m targeting a primary 1:2 risk-to-reward, with any further extension considered as bonus.
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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.