I'm not in this trade, it's just to test my strategy.
I was long and got stopped, now I will short a retest of the diagonal, if we reach it.
Reason to short
- R higher than 3
- big RSI divergence on the daily
- Volume was decreasing during the uptrend.
- The rising wedge is compromised.
Risk 3%
I was long and got stopped, now I will short a retest of the diagonal, if we reach it.
Reason to short
- R higher than 3
- big RSI divergence on the daily
- Volume was decreasing during the uptrend.
- The rising wedge is compromised.
Risk 3%
Comment:
Note to myself = do not wait for a retest when it's so obvious on the daily. IF there's a retest, open another short.
Trade active:
I would adjust my stop like this
Trade closed: stop reached:
stopped out in profit