Looking for the monthly bat completion, last push down and possible AB=CD...?
I want to short this now based on the breakout, beginning of next week..., example setup on chart will be adjusted depending on the exact entry.
Possibly wait on a re-test or correction below the broken trendline to get a better entry or more confirmation.
SL at least above the high of the previous 1-2 days..., above the weekly breakout candle high is safer but less favourable R/R-wise, depends on one's risk-appetite or trading rules...
I want to short this now based on the breakout, beginning of next week..., example setup on chart will be adjusted depending on the exact entry.
Possibly wait on a re-test or correction below the broken trendline to get a better entry or more confirmation.
SL at least above the high of the previous 1-2 days..., above the weekly breakout candle high is safer but less favourable R/R-wise, depends on one's risk-appetite or trading rules...
Trade active
Small short entered, will add if it goes well...Trade closed: stop reached
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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.
Related publications
Disclaimer
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.