I think this is a nice possible short to at least ~1275, the take profit levels are based on the golden pocket fib level as I have explained on chart and I can see the price going there. But, my first take profit will be ~1275, because I think there can be a bounce there. I think stop loss needs to be tight here since it's based on double top.
Notes:
The path I have drawn is only the direction and I have not strictly considered support/resistance levels while drawing it.
This is just a possible scenario I'm seeing, thank you for reading, I would love to see any kind of feedback.
I like my charts clean and I don't like bright/flashy colors so I use colors that I feel most comfortable with, especially with my monitor. If I use bright colors it burns my eyes.
I'm also a fairly new trader and got a lot to learn.
Notes:
The path I have drawn is only the direction and I have not strictly considered support/resistance levels while drawing it.
This is just a possible scenario I'm seeing, thank you for reading, I would love to see any kind of feedback.
I like my charts clean and I don't like bright/flashy colors so I use colors that I feel most comfortable with, especially with my monitor. If I use bright colors it burns my eyes.
I'm also a fairly new trader and got a lot to learn.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.