I’m entering a short position here, expecting the price to reject off the 2.8144 resistance level. My stop loss is placed slightly above at 2.8312, which provides a safety buffer in case of a minor fakeout. The take profit target is down at 2.5394, aiming for a clean reversal and continuation of the bearish trend. This gives me a favorable risk-reward ratio.
What Could Go Wrong:
Breakout Above Resistance:
If the price breaks above 2.8312 and reaches the stop loss, the trade setup will fail. A strong bullish breakout would invalidate the bearish scenario.
Weak Rejection or Consolidation:
If the price consolidates around the resistance without a clear rejection, it may indicate indecision, making the trade less likely to hit the target.
Stop-Hunt Risk:
A brief spike above the resistance to trigger stop losses (including mine), followed by a bearish move, is a potential risk. This could result in a loss despite the overall direction being correct.
Unexpected Market Catalyst:
Any sudden news or event could shift market sentiment, causing volatility and possibly invalidating the technical setup.
What Could Go Wrong:
Breakout Above Resistance:
If the price breaks above 2.8312 and reaches the stop loss, the trade setup will fail. A strong bullish breakout would invalidate the bearish scenario.
Weak Rejection or Consolidation:
If the price consolidates around the resistance without a clear rejection, it may indicate indecision, making the trade less likely to hit the target.
Stop-Hunt Risk:
A brief spike above the resistance to trigger stop losses (including mine), followed by a bearish move, is a potential risk. This could result in a loss despite the overall direction being correct.
Unexpected Market Catalyst:
Any sudden news or event could shift market sentiment, causing volatility and possibly invalidating the technical setup.
Dagangan aktif
Dagangan ditutup: hentian tercapai
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.