Counter trend entry on a trend continuation setup (PART 2)
Telah dikemas kini
We are on a bearish trend on the higher time frame, and we have not tested the support level that is "expected" to test. We look left and seek for the previous outside return for an opportunity to go short. The market went over bought, and I am now waiting for a double top to enter. One could certainly look to trail second targets for a retest of the lows. However, we have two structure levels that may act as support if we go lower, of course. I require a 1:1 and we easily get a 1:1.4 to target 1 and a 1:2.4 to targets 2, so that is enough for me.
Share your opinions! We can learn from each other!
Share your opinions! We can learn from each other!
Pesanan dibatalkan
We did not get the double top. This happens when one trades conservatively, and we have to be willing to miss a lot of trades
Penerbitan berkaitan
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.