jaktrader

S&P500

Short
jaktrader Updated   
OANDA:SPX500USD   S&P 500 Index
Down Trend. Price was close to the upper band of regression line but unfortunately price formed a Bearish engulfing pattern and went down dramatically. There is also a bearish divergence.
Comment:
15 min. Bearish divergence. A lot of upward price rejections formed through bearish engulfing patterns. 0.20% risk taken

Comment:
I didn't take profits yesterday. I choose to trail it with creating a positive r/r ratio

Comment:
Trend has changed to positive. Closed half of the position.

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