If the price behaves as described in the chart, enter the trade at the yellow line:
Stop loss is the red line;
Take profit is the green line;
Stop loss is the red line;
Take profit is the green line;
Commento:
The trigger is a clear fall below the yellow line
Trade attivo:
Due to the decreasing volume, we are going in with a tight stop (giving it a bit more space, 2850) as the session approaches closing time. This option renders us a very good Risk Reward. We aim to sell at the yellow line and rebuild the position later.
Trade attivo:
Trade is still open as we fail to close above 2850. If the prices does not revert now we will most likely be out of this position.
Trade chiuso: stop raggiunto:
We close the trade as we close above 2850