Asset and Time frame - KHC, Weekly
Entry Price - 33.40
Exit(Stop Loss) -35.58
Exit(Take Profit) - 25.57
Technical Analysis - Price has broken a weekly confirmed trend line, the 2-week moving average and with good solid volume to the downside, there's also a Fibonacci that works here nicely with multiple rejections from the 0.382 several times which confirms the validation of this Fibonacci levels, and therefore the 0.00 level that just broke, If someone wants a safer entry, wait for the weekly candle closure, I'm entering this early because I believe the market will keep on sinking hard,
because this is a short position, I'm only risking 0.75% on this trade,
Happy(and safe) hunting!
Entry Price - 33.40
Exit(Stop Loss) -35.58
Exit(Take Profit) - 25.57
Technical Analysis - Price has broken a weekly confirmed trend line, the 2-week moving average and with good solid volume to the downside, there's also a Fibonacci that works here nicely with multiple rejections from the 0.382 several times which confirms the validation of this Fibonacci levels, and therefore the 0.00 level that just broke, If someone wants a safer entry, wait for the weekly candle closure, I'm entering this early because I believe the market will keep on sinking hard,
because this is a short position, I'm only risking 0.75% on this trade,
Happy(and safe) hunting!