BEARISH PEG play

sSTOP LOSS: 51
TAKE PROFIT: 49.65
Risk-reward: 46.42

Longer term trend: Bearish
Current trend: Bullish

General comments:
PEG has been in a downward trend since Mid November. A bearish trendline was formed with 2 confirmed touches, and we are speculating on the third one - continuing the decline.

What I like:
1) Trade is with the longer term trend, which is bearish.
2) Risk-reward optimal. 2.4x till target and 1.5x till first trouble area, marked with the green flag. It will be when I will take some profit off the table and move stop loss to break even.

What I dislike:
1) Volatile times with global unrest, Syria action, trade wars, etc

Other things to note:
-nil.

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x,
iskfx