Short - Double Top

Looks like we have a short oppurtinity with a double top on the 4 hour chart. Stoch RSI on the 2nd top is showing momentum heading to the downside.

I have two positions with targets of 43 and 108 pips. Both have a stop loss of 25 pips.

Note

Looks like this will go to a bearish bat pattern. I still expect price to drop to .382 and possibly .618 retracement so my two positions targets have been adjusted accordingly. Stops have been placed above top part of the bearish bat pattern. I still have a better than 1:1 RR ratio in play

Note

Target 1 reached! Stops rolled about 10 pips before position

Trade fermée: cible de profit atteinte

Second target reached!

Position 1 Pips Profit: 80 Pips
Position 2 Pips Profit: 123 Pips

Note

glitchTA

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

glitchTA