druumabb
Short

Cisco Systems (CSCO) Sell $56.33 > $48.63 (Profit:Risk = 4.48:1)

NASDAQ:CSCO   CISCO SYSTEMS INC
NASDAQ:CSCO
Cisco Systems, Inc.

Information:
We go up the channel for too long.
Now there will be a breakdown and a reversal of share price.

About stop loss:
Stop loss is placed just above the weekly candle in case of a false touch.

Weekly chart:


Daily Chart:


H4 Chart:

------
Sell = $56.33
Take Profit = $48.63
Stop Loss = $58.05
------
Profit:Risk = 4.48 : 1
Profit:Risk = +13.67% : -3.05%
Trade active: Sell Limit = $56.33
Trade closed manually: Closed = $52.32
+7.12%
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