Looks like we have a good opportunity to go short on RTY.
Rejected the weekly trend line and looks like we are forming a double top pattern in the 4 hr timeframe.
Entry - 1980
Stop - 1795 ( I would like to see a 4 hr close over this level or the red sell zone)
First target - 1960
Final target - 1930
Let me know your inputs. Happy trading!
Rejected the weekly trend line and looks like we are forming a double top pattern in the 4 hr timeframe.
Entry - 1980
Stop - 1795 ( I would like to see a 4 hr close over this level or the red sell zone)
First target - 1960
Final target - 1930
Let me know your inputs. Happy trading!
Trade active:
Reached our first target. I would book some profits here and update my stop loss for the rest
Updated Stop loss: 1980
Updated Stop loss: 1980
Trade closed manually:
Stop loss hit and I am out of the trade.
I might reenter later if I see a bearish price action but at this moment no trade here.
All in all, a successful trade! congratulations!
I might reenter later if I see a bearish price action but at this moment no trade here.
All in all, a successful trade! congratulations!