Below Pivot Go Short a Break Below

Action to Take: Go Short, enter sell at 11255 stop
Take Profit Level: TP1 11231, TP2 111736 Stop Loss Level: 112693
Additional Factors:
Timeframe: ~ 24 hours
Total Risk of Account Equity: 2% or less

Commentaire:

First profit target reached. Move stop loss on remaining contracts to 112307

Trade fermée manuellement:

Exit due to hammer on hourly

Commentaire:

Also key support on the handle price of 112 - the bounce that formed the hammer is clear indication it doesn't want to break through any time soon.