We have a downward trendline from the 2013 all time high. It has been a downward spiral since then. We recently hit it again and we might retreat...Note i say might. April's candle was pretty strong,in fact even March's candle was stellar as well. with volume.So this is really a counter momentum (short term) trade i am attempting although long term is in line with descend we have been seeing since 2013. As such my position size will be smaller than usual.
Entry: 141.88
TP: 124.66
SL: 149.07
R: 2.39
Entry: 141.88
TP: 124.66
SL: 149.07
R: 2.39
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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.