Expecting the 4H triangle to give way today or tomorrow. Latest by this weekend. It looks like it will break upwards. Either side, the R:R is very good. So, we need to sit down and wait for it to make a decision. Best. Play is to enter with buy-stop and stop-loss in either direction. With volume declining along with big candles in red, it presents more evidence for a short.
Be prepared for the breakout this week, and manage your risk properly.
Not a financial advice.
Be prepared for the breakout this week, and manage your risk properly.
Not a financial advice.
Trade active:
Short side of the trade is active now. Entry price: 255
Trade active:
Take profit moved to entry price at 255. Hold nerves till 210 but protect the profits also
Trade closed manually:
Closed trade with profits at 248 - double bottom on the 4H - in the last two weeks. Should short from above or below 246 now
Trade active:
After taking the profits at 248, I got in back at 252.6 after we saw a late attempt by the Bulls to push the price up. They failed.
My trailing stop is at 242. My advice is to take Half profits now and half with a trailing stop at 248. Never give back to the market what you have taken from them. My principle
My trailing stop is at 242. My advice is to take Half profits now and half with a trailing stop at 248. Never give back to the market what you have taken from them. My principle
Trade closed manually:
Stopped out at 237. Profits made: 5R. Loved this trade
