PDD
Easy short trade
Price in existing downtrend
Price entered sideways range between 47-64
Price broke down from this range to start continuation of downtrend.
Price has pulled back to previous support looking to turn it into resistance. Price in area of value, my cue to enter trade
Entering trade short.
Entry: 39.97
Stop loss: 48.78
Target: 19.53, +51.14%, 2.32 RR ratio
Easy short trade
Price in existing downtrend
Price entered sideways range between 47-64
Price broke down from this range to start continuation of downtrend.
Price has pulled back to previous support looking to turn it into resistance. Price in area of value, my cue to enter trade
Entering trade short.
Entry: 39.97
Stop loss: 48.78
Target: 19.53, +51.14%, 2.32 RR ratio
Comment:
trade has not been closed and it active