Hello everybody well this is a short I entered at the NY close on Monday. It was an aggressive entry, so if price broke above 130.00 than I was cutting the trade off at a loss. But as of today it seems as if price will continue to respect the bearish channel that price has been travelling within.
My short target is roughly around the 100.00 area which should be where price reaches the lower band of the channel. For anybody looking for more long term short targets, I will attach a weekly chart with support areas that can be used as short management points.
Trade closed: stop reached
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Closed out at a loss. It's ok we all have losing trades, moving on to the next opportunities.