There is a signal that this upward move may end sometime soon on the daily and 4hr charts. My trailing-stop moved up nicely and may... eh...will most likely get me out the trade around 1.413
Preparing to get my shorts on.
Trade closed: stop reached
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Trade stop at 1.413 I have placed my short order, but am I too soon to short. who knows...
@AdeOluseun, Thanks. I tend not to set take profit targets. I let the market decide my stop with a "trailing stop-loss order" so that my trade automatically follows the movement of the price.
More info about trailing stops here investopedia.com/terms/t/trailingstop.asp
I'm planning my short in a bit and will make a new tradingview idea chart 👍