This is the first trade idea I have posted on tradingview and is the beginning of many. The artistic nature of technical analysis
means that only through constant focus and discipline will my abilities improve, therefore I do not post this for anybody else except myself. I am on way to becoming a skilled chartist that is consistently profitable and this is my service to the universe in which I will compensated with that which I seek.
The reason I believe a short once the level indicated by the white horizontal line has been reached is a good idea is because it corresponds with a previous level of structure I drew but did not post with a rising trend line
which was broken. The stop loss level has been set to just above recent highs and the take profit near the 50-61.8% Fib level that gives a 2:1 risk reward. Lets see how this works out.