After three days with the position placed, the price finally is moving downwards. Price action reached a level where I usually close half of the position running and move the S/L to BE.
To what is known as a "risk-free" trade.
Will keep a close look to find a better place to trail de S/L. I will keep the comments as a trading update.
CHINA A50 found rejection from a critical resistance level from the ascending channel. Price action making a tweezer top candle. MACD is showing diminished bullish momentum, together with a clear divergence for confluence on the bearish bias.
Price in consolidation.
S/L: 20 pips - R:R | 1:2 -
T/P: aiming to the next supply zone +...