Hey, traders. Here's an example of trades we found recently. The idea is that a trend is a tendency of price to move in one direction. With that being said now look at the chart. We are obviously bearish
. A series of lower lows and lower highs is pretty noticeable. What will indicate that the trend is over? It is a violation of the most resent high. That's why the stop is placed here. Targets are on the chart. I strongly recommend my students first the 61,8 target and become consistently profitable with it before they even think about the extended targets that I poersonally use. Hope you find the information helpful.
By the way. Some acknowledgements. I appreciate you gyus following me. It is 1000+ subscribers here on Tradingview. You support is very helpful for me. Keep up that work, mates. I appreciate it a lot.
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