CHWY | SHORT | Rare opportunity

CHWY

My friends, allow me to present to you one of the easiest and most profitable trades I have recently discovered. This trade offers an impressive risk-reward ratio of 1 to 6.5.

Once it hits the bearish trigger line, I will open the short position. It's likely that we'll witness some struggle from the bulls as they attempt to hold the last line of defense. However, when the price loses that critical line, it creates a clear path for the price to fill the gap.

Remember, trading always carries risks, but with careful analysis and a sound strategy, opportunities like this can present attractive potential gains. As always, prudent risk management and careful monitoring of the trade will be essential for success

Comment:

if at least one 5 min candle closes below the bearish line, then it's time for shorting it.

Trade closed: target reached