DISCLAIMER: I am by no means anything close to a proffessional. The reason, I post ideas, is to document my trades. There may be no value to you. It might be incorrect analysis. But it certainly helps me sorting my thoughts on charts.
Situation:
The chart confirmed a trend pattern. (see red dahsed line)
Plan:
We will trade the downtrend with SL at the lats lower high. (see green Dashed line)
Situation:
The chart confirmed a trend pattern. (see red dahsed line)
Plan:
We will trade the downtrend with SL at the lats lower high. (see green Dashed line)
Trade active:
Trend Confirmed, we opened a SHORT position.
Trade active:
After a pretty long ride downwards, we can now move our SL into profits. (Yellow dashed line).
