Update: Target reached without entry, so i cancelled short for now.. ---------------------------------------------------------------------------------------------------------------------------------
A potential short trade on multiple resistance levels:
-50-days SMA -Main descending resistance for the bearish wave -A cluster of horizontal resistance levels, more clear on the daily chart
================================================================== Trading Criteria: 1. Trades are taken in two units 2. First unit would be closed at first target 3. Stop loss is then moved to break-even 4. Second unit would be closed at second target 5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled 6. Remember: Losing is a main part of the game
Comments
WaqarKhan
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Do You Offer Course, if someone is interested in learning
HamedAghajani
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Hi Luay. I think that another short opportunity might be developing on this pair. tradingview.com/v/aiqN0qvD/
Technician
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Honestly i dont see a sell signal yet... So I am not short
VelsonChew
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I cancel the trade because first target is hit without triggering entry.
Technician
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Yep i cancelled too. But i will monitor now if i see rejection i might re-enter
VelsonChew
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What kind of rejection will make to u entry?
Technician
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I will see, its discretionary. I will update here if i shorted
NickLee
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are you going to re-enter based on the price now
Technician
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No
Andrei_Serdiuk
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Is it finish right now? Or wait for first target and then for second? How do you think?