Hello fellow traders,
This analysis is a continuation of my earlier short position which was closed and waited for the signal to re-open and as you can see weekly Doji candle indicates the reversal of the rising trend, resistance zone above as s/l and support being the target of t/p- Risk reward- 1: 3.6 !
This is just my idea not a trading advise, always protect your losses with a s/l you can handle without tearing your hair :D
This analysis is a continuation of my earlier short position which was closed and waited for the signal to re-open and as you can see weekly Doji candle indicates the reversal of the rising trend, resistance zone above as s/l and support being the target of t/p- Risk reward- 1: 3.6 !
This is just my idea not a trading advise, always protect your losses with a s/l you can handle without tearing your hair :D
Comment:
the trade is still active waiting for this week candle to close and decide
Trade closed: target reached