If you look at the weekly chart (right) you can spot a major support.
Finding a good spot to short under a support can be risky because you are sometimes exposed to a fake breakout, then the market can revert drastically against you.
In that case we waited for
1) the breakout
2) did not panic by excepting a pullback (which it did). You should keep that sentence in mind "there is always a second chance on the market". You will see it's almost always true.
3) set some limit orders at strategic prices. In that case I chose 17.9 just under the channel + 18.16 under major support. With SL: 18.47.
4) go away on a sunny day and come back to see the magic happens
Targets are quite interesting: 15.7 and 12.6 on a long term swing.
Position will increase during the bearish ride.
Finding a good spot to short under a support can be risky because you are sometimes exposed to a fake breakout, then the market can revert drastically against you.
In that case we waited for
1) the breakout
2) did not panic by excepting a pullback (which it did). You should keep that sentence in mind "there is always a second chance on the market". You will see it's almost always true.
3) set some limit orders at strategic prices. In that case I chose 17.9 just under the channel + 18.16 under major support. With SL: 18.47.
4) go away on a sunny day and come back to see the magic happens
Targets are quite interesting: 15.7 and 12.6 on a long term swing.
Position will increase during the bearish ride.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.