Short from red sloping line. There was a large retracement in a rapidly falling slope Short now at 1255 Stop 1257 Profit at 1220
Trade active
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Trade closed: stop reached
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Stop was at entry. We were $2 in profit but I was looking for a bigger move down over the July 4 holiday Red sloping line was resistance for several hours, then breached and became support So the upward trend continues so the same line can be used for support for a long trade at 1258 with stop at 1255