12/05/2025 CRV Short
It seems like it's time for a proper correction, despite the strong upward momentum.
The current short is very risky. Hopefully, the pattern will confirm it, although the RSI seems to invalidate it.
ENTRY: 0.7422
STOP: 0.7922
TP1 -> RR1.5: 0.6642 -> 38% probability
TP2 -> RR2: 0.6382-> 50% probability
TP3 -> RR3: 0.5862 -> 50% probability
BIAS: Short -> full size
It seems like it's time for a proper correction, despite the strong upward momentum.
The current short is very risky. Hopefully, the pattern will confirm it, although the RSI seems to invalidate it.
ENTRY: 0.7422
STOP: 0.7922
TP1 -> RR1.5: 0.6642 -> 38% probability
TP2 -> RR2: 0.6382-> 50% probability
TP3 -> RR3: 0.5862 -> 50% probability
BIAS: Short -> full size
Trade closed manually
The target projection of the head and shoulders pattern has been reached, and I see the probability of further upside as too high. So I'm happy with this and taking this partial take profit!
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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.