TAFA94
Short

[LONG TERM] One possible short position on Marine Harvest ASA

CHXEUR:MHGO   MARINE HARVEST ASA
We have one possible short position on the CHXEUR:MHGO            
1. If price touches the red area, check if there is divergence on either MACD or stoch. At the moment we can see MACD diverging from the price. If step 1 is fulfilled, continue.

2. If step is 1 fulfilled, we want to see either a double bottom or w/m pattern forming on 4H or 1H. Will demonstrate those patterns when the time comes. If step 2 is fulfilled, continue.

3. TP/SL will be set when necessary price action takes place in those areas. We will always wait for pullback no matter what. No pullback, no trade. If step 3 is fulfilled, continue.

4. Short when PRICE makes higher high. If it doesn't and instead makes lower low, abort this potential SHORT.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out