CNK SHORT TRADE
CNK is on a clear downtrend both on the daily chart and the weekly chart
Price has formed a bearish pinbar with higher volume than average which could be an indication of further downside
Hence we want to sell this stock
We don't want to be greedy so i am looking for a 1/1.5 risk to reward on this trade
My SL is placed above the high of the last 5 candles
Only buy if the price breaks the low of the last candle
Price has formed a bearish pinbar with higher volume than average which could be an indication of further downside
Hence we want to sell this stock
We don't want to be greedy so i am looking for a 1/1.5 risk to reward on this trade
My SL is placed above the high of the last 5 candles
Only buy if the price breaks the low of the last candle
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