The bias of the bearish momentum is now back in motion. i entered a short on the right shoulder even after and while the consolidation was in play just below the neckline. I TP when i saw the price action started to retrace.
It did retrace and it has now reversed at 50% and tested it's previous support (now turned into resistance)
Everything is kept simple and self-explanatory on the chart. I have put different Take Profit's which you can choose from.
Remember:
It did retrace and it has now reversed at 50% and tested it's previous support (now turned into resistance)
Everything is kept simple and self-explanatory on the chart. I have put different Take Profit's which you can choose from.
Remember:
- Don't let the greed consume you.
- Trail stop and change it often
- Be patient, this is a long-term trade