COST 📅 Entry: June 5, 2025
📉 Price: 1,055
✋ Stop: 1,078
🎯 Target: 1,013
⚖️ Risk-Reward: 1:2
✅ Status: Target hit earlier than expected
🧠 Trade Idea:
COST tested a major resistance zone at 1,078 — aligning with:
A historical horizontal resistance
The top boundary of a rising channel
Meanwhile, the CCI indicator turned downward, signaling weakening momentum.
A strong bearish daily candle confirmed the entry.
📌 Price dropped quickly to the 1,013 target, completing a clean 1:2 short setup.
Trade closed: target reached
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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.