Short swing on PIRS

As we can see, in the past we had an all time high at 6.18 $. From there the price went down. It tried to fight the downtrend, but as we see at the marked spots, the bears won the fights. That makes me believe, that the price will fall even more.

I will wait for this pullback thats happening right now to end, and then after a small bearish candle, enter my trade.

I am not sure if we will make the final target, but of course I hope we will. At every target, I will adjust my SL.

First SL will be around the 5$ mark, most likely a little higher, to not get fished there =)

Good luck for all of us ;-)

Comment:

all according to plan, the retracement is happening right now, be patient...

Comment:

Still correcting the downtrend, be prepared, I believe in the next tow or three candles (H4 chart) we will get our entry.

Comment:

Stop loss not reached, I am thinking of enlarging my position, but will wait for the next H4 candle to be completed.

Comment:

Well... SL reached. I am out for now. But I will keep it on the watchlist.