A very good potential short here with really high risk reward. Rsi pointing down, the issue here is the fact we are in a uptrend, and since we are looking at a short term chart / trade. the rsi could easily be rejected from going below and suddenly point up again. if this happens i would cancel the trade.
This is a short term trade that trades against the trend. However the risk/reward are so nice its almost a loss not doing it
This is a short term trade that trades against the trend. However the risk/reward are so nice its almost a loss not doing it
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.