Hi Investors and traders,
This idea is based on a support/resistance zone with technical indicators such as RSI see bearish divergency formed and 1D Doji candle .
In addition with unemployment data being published and overall look of the oversold market and signs of recession I am opening a short position, please do not take it as a trading advise it's just my idea :) The s/l above the red zone and t/p at support as shown, 2.8 profit ratio!
This idea is based on a support/resistance zone with technical indicators such as RSI see bearish divergency formed and 1D Doji candle .
In addition with unemployment data being published and overall look of the oversold market and signs of recession I am opening a short position, please do not take it as a trading advise it's just my idea :) The s/l above the red zone and t/p at support as shown, 2.8 profit ratio!
Note
s/l moved to opening position and awaiting action, see my latest analysis 1H update on thisTrade closed: stop reached
the price has gone back to my opening position, still very bearish on the indexes and will reopen my short on Monday
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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.