Intermediate Down - Upmove losing steam

2017年8月7日

Current prices are at the top of the downward channel which may be a build up for a short term short opportunity.

For confirmation;
1. declining MACD histogram - Check;
2a. oversold RSI levels - Check;
2b. declining RSI levels; and
3. breakdown of the bearish horizontal triangle, see 240 chart (48.4)

Trade details
Stop loss: Immediate preceding high (50.5)
Partial profit: Short term profit in the region of the grey / black lines (micro channel lines)
Full profit: nearing intimidate lows (44.0 or 42.5 depending on your risk tolerance) or at channel support line
Expected duration: 3-4 weeks

Ratio
SL : Enter: TP
50.55 : 48.3 : 44.5 (conservative)
2.25/3.8 - Reward to risk at 1.7

Best trades^^

2017年8月7日

註釋

Please advice on how I can remove the hyperlink of the figure "44.XX"

2017年10月1日

註釋

Another short entry at this point (51.60), to partial TP at 50.40 and SL an declining orange downward slope (52.30 and declining).
0.7 loss to 1.2 Profit -> ratio of 1.7