Price first tried to fall to 100 sma but failed and returned back to the 50 sma
Price held around the 50 sma
Price finally closed below 50 sma making 2nd attempt to the 100 sma
1st entry at open of next candle
2nd entry as a sell order at the 100 sma
Take Profit was 2 to 1 from 1st entry
Take Profit just hit
Price held around the 50 sma
Price finally closed below 50 sma making 2nd attempt to the 100 sma
1st entry at open of next candle
2nd entry as a sell order at the 100 sma
Take Profit was 2 to 1 from 1st entry
Take Profit just hit
Note
New Bearish Continuation TradeNote
Bearish breakout - 5m Break-Hook Go completing
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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.