EU DEMO 10/28/2019 (1)

Shooting Star whose tail broke the hourly level, tapped the last low pre-break, and has confluence with Hourly Fibs on the last impulse move down. Shorting here but keeping an eye out for early exit signs. Lets see if we can take this down to the level of interest mentioned in the pre-market post.

Note we've got Bull Div followed by hidden Bear Div on the MACD .

Trade closed: stop reached:

Pretty big move up, probably on breaking news.

Comment:

In hindsight, having the weekly level so close to any reasonable stop location here should’ve been enough to tell me this was a less than optimal trade idea.

Also, Star didn’t have a solid range, and there I go trading hidden divergence again.