I think this is the case here.
We have reached the profile point of balance projection from the low to the longterm mode of this uptrend.
As expected, price sharply reversed in one day, consuming almost 3 days worth of progress.
I'm waiting for the daily close to enter short, will update the chart once I'm ready, also adding 4h charts to better illustrate the price action that supports my thesis.
I think this is a very good trade, potentially worth risking 1% (my full position allocation).
Entry will be divided in two with a partial TP to make the rest of the trade risk free.
Good luck,
Ivan.
We have reached the profile point of balance projection from the low to the longterm mode of this uptrend.
As expected, price sharply reversed in one day, consuming almost 3 days worth of progress.
I'm waiting for the daily close to enter short, will update the chart once I'm ready, also adding 4h charts to better illustrate the price action that supports my thesis.
I think this is a very good trade, potentially worth risking 1% (my full position allocation).
Entry will be divided in two with a partial TP to make the rest of the trade risk free.
Good luck,
Ivan.
Trade closed: target reached:
Perfect, moving along as planned.
Comment:
:)
