Traders,
Looks like a nice short off of key levels. Liking the simultaneous sideways support turned resistance, and the 50MA, are acting the same as each other, as it serves as extra confirmation. Lots of levels to serve as evidence for possible down move.
A technical correction, testing the 50MA, could bring us into downtrend territory for longer periods of time.
We'll see.
Theres 3 SL models here
1)TP@ extension+SL at the high of recent highs- Very non aggressive traders (1.89 RR)
2)TP@ extension+SL at 50MA+recent high- Conservative entries (2.74RR)
Best of luck,
Tom
Looks like a nice short off of key levels. Liking the simultaneous sideways support turned resistance, and the 50MA, are acting the same as each other, as it serves as extra confirmation. Lots of levels to serve as evidence for possible down move.
A technical correction, testing the 50MA, could bring us into downtrend territory for longer periods of time.
We'll see.
Theres 3 SL models here
1)TP@ extension+SL at the high of recent highs- Very non aggressive traders (1.89 RR)
2)TP@ extension+SL at 50MA+recent high- Conservative entries (2.74RR)
Best of luck,
Tom
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.