[SHORT] rising wedge on EGLD

2022年10月31日

Rising wedge forming on EGLD, reaching and rejecting the $60 psychological resistance.

We are looking for a small short position at 60 with wide SL, adding up during pre-FOMC volatility and adjusting SL as price reach the wedge support. looking to add up to the position after a close bellow the wedge.

trigger:$60
entry1: $60
entry2: bellow wedge
target1: $53,45
target2: $50,50
SL: $62,55

Will not rush on this trade, this week price action is beyond technicals.

2022年11月2日

交易進行

trade is active now, manage SL before FOMC.
if 0,5 is announced close inmediatelly
if press conference hints pivot/dovish set SL at entry

good luck!

2022年11月5日

註釋

crazy volatility as expected, I hope your SL was set wide enough. If not, you can reenter the trade near $61.5 with tight SL, again, SMALL position. The real move starts on the break of the diagonal support.

2022年11月7日

註釋

1st target hit

2022年11月8日

註釋

2nd target hit, big profits!

2022年11月8日

交易結束：目標達成

can close trade here, no point on waiting for 0,25 more