H4/D1/W1 - Short on a potential APF confluence to the weekly TL
I have an upcoming short/sell trade opportunity with a potential APF confluence to the weekly TL and a divergence. Entry, SL, TP, and POR as seen in the chart.
There are 2 ways to trade this:
1. Aggressively via pending sell limit order or manually once price completes the pattern with buffered SL, or
2. Conservatively by waiting for confirmation once the price is in my PRZ.
TAYOR!
Abbreviations / Keywords:
LTF - Lower Time Frame
HTF - Higher Time Frame
TF - Time Frame
TRS - Trend Reversal Strategy
CRT - Counter-Retail Technique / Break-out
APF - Advance Pattern Formation
W4C - Waiting for Confirmation
LLCC - Lower low, lower close
HHHC - Higher high, higher close
SL - Stop loss
TP - Target Profit
POR - Point of Ruin
RRR - Risk Reward Ratio
Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose. Do your own due diligence.
There are 2 ways to trade this:
1. Aggressively via pending sell limit order or manually once price completes the pattern with buffered SL, or
2. Conservatively by waiting for confirmation once the price is in my PRZ.
TAYOR!
Abbreviations / Keywords:
LTF - Lower Time Frame
HTF - Higher Time Frame
TF - Time Frame
TRS - Trend Reversal Strategy
CRT - Counter-Retail Technique / Break-out
APF - Advance Pattern Formation
W4C - Waiting for Confirmation
LLCC - Lower low, lower close
HHHC - Higher high, higher close
SL - Stop loss
TP - Target Profit
POR - Point of Ruin
RRR - Risk Reward Ratio
Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose. Do your own due diligence.
Ordine annullato
No confirmation to enter short as the market just continues to rally.
Success, nothing less!
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Success, nothing less!
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.