Setup: HNS
Confluence:
BRN
Double tops
CRS
Entry:
Sell @ 1.7400, SL @ 1.7480 (80 pips), TP @ 1.7200 (200 pips)
Note: Price still can fly. If bullish momentum kicks in around 1.7400 levels, then I will cut loss and reverse my position to buy.
Trade closed: stop reached
Update: I managed to get out at -40 pips. As mentioned, price can still fly once bullish momentum kicks in.
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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.