Easy quick short.
Entry 1820
SL 1838
Target 1730-1708 range
It retested downwards trendline. It retested breakdown level from the secondary broken trendline. It built a bear divergence in both RSI and MACD in several TF's.
Probably heading down back to the next trendline.
Entry 1820
SL 1838
Target 1730-1708 range
It retested downwards trendline. It retested breakdown level from the secondary broken trendline. It built a bear divergence in both RSI and MACD in several TF's.
Probably heading down back to the next trendline.
Comment:
I had missed this potential head and shoulders about to get confirmed (we need to break neckline to confirm) that points take profit just to the trendline.
Comment:
Head and shoulders completed.
Targeting the trendline.
Targeting the trendline.
Comment:
As i have to go i placed a partial (33%) stop in this trendline. that way if everything goes against my position while i'm out, i will not loose anything. A "free trade".
Trade closed: target reached:
Easy trade.
