Previously stopped out on this trade setup a few days back, price climbed above the 52wk high and is now at the .5fib level of ATH/ATL . Daily candle closing as shooting star and price is extended more than 300 pips from Kijun-Sen, also bearish div apparent on the 4hr. Taking a short entry on the first bear fractal break.
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<>My multi-indicator script here
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Trade active:
Fractal broken, we're short.
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Looking good. Areas to watch are marked on the chart.
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Bringing SL into profit, check the image. Mind price action at the fib levels too, this uptrend is strong and the retracement may not be as deep as I hope.
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Took profit on this set up. Price pulled back to our zone but I missed the entry, looking for for the kumo breakout to the downside on the 4hr
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Bearish div on the daily as the market approaches the .5fib of ATH, again looking for weakness in this zone for another short.
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Moving SL into profit though expecting this to run
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Stop loss moved down above the bull fractal
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Took profit, will keep an eye for another short entry
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Target hit if you happened to take the short on OCT 10