CSCO has breakout from it's long term uptrend channel

26 Eyl 2021

CSCO

Hi everyone , we hope you're all fine and having a nice time.
let's take a look at CSCO chart together :
- A long-term uptrend channel is recently broken
- The price is going to move as a pullback now
- Also the price is so close to touching the 50 EMA
- also there are fundamental issues that can affect on the price of CSCO to fall
----------------------------------------------
I think we must wait for price action and candlestick confirmations to the pullback
and after that we can take a short position with 1.72 R/R
----------------------------------------------
what's your opinion guys ?
I'd be glad to see your comments and ideas .

26 Eyl 2021

Not

! this is just a personal analysis and this person has no responsibility of your trade and risk !

10 Eki 2021

İşlem kapandı: hedefe ulaştı