Getting involved in the potential C-D move
Looking for an opportunity to get involved in this downtrend move got a very nice potential Gartley formation coming right at structure.
But this time the market gave me another signal that stick to my trading rules in order to enter in this position, we got a double bottom at a very psychological number of 101.000 with RSI divergence, so in this trade I'm entering with a very tight stop not looking for a trend reversal trade but a C-D completition move where I'm planning to reverse the position and go short.
Keep it simple, and focus on the process
Twitter: @JeanC680
Jean
But this time the market gave me another signal that stick to my trading rules in order to enter in this position, we got a double bottom at a very psychological number of 101.000 with RSI divergence, so in this trade I'm entering with a very tight stop not looking for a trend reversal trade but a C-D completition move where I'm planning to reverse the position and go short.
Keep it simple, and focus on the process
Twitter: @JeanC680
Jean
Trade closed: target reached:
Order filled & target reached overnight