Consolidation can be broken both down and up. With a small stop, the profit factor can be good enough for such a small consolidation.
Why was the short position opened:
Why was the short position opened:
Note
Sell, buy and again sell. :)
Note
A possible target level is a long-term level of support.
Note
Stop order moved. Very weak dynamics after a breakthrough down the long-term support level.Trade closed manually
Positions are closed. I'll look at the dynamics. It is possible to restore short positions if the upward movement does not gain acceleration.
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Related publications
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.