Swing Idea

trade at your own risk.. this is for short-time-trade-only..

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Adding Stop Loss..

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Depends on your style. If you are a risk taker, you are enjoying 10% by now. If you are safe trader, now you are waiting for confirmation as the price is approaching neckline.

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neckline is violated. at the same time, neckline is also log scale uptrend support and 0.618 fib support from last highest peak. I believe this is critical point for trade decision making.

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neckline was tested. now price back to below it. our target still the same..

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we are close to the target. I have close half of my short. this is securing partial profit.

probably I will close all short position when it touches target area then sideline

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lowest we had was aobut $100 above target. It's tempting to close all short. But since I have secured partial profit, I think will let remaining position until market proves I should close all.

İşlem elle kapatılmış:

I have decided closed all short position...

after reviewing current condition, we have 3 confluences to support reversal
1. Bullish Divergence at 2H, 3H, 4H
2. Breakout at local downtrend
3. MACD cross-over at 4H

Trade is closed