BETTER CHART. BREAKOUT + PULL BACK 5 REASONS TO GO SHORT
5 Reasons to go short.
1:) Symmetrical Triangle Breakout
2:) 50% Fib level intersects with 14 day bearish trend-line and 7 day bullish trend-line that was recently broken which could create a triple threat of resistance.
3:) Expected resistance at .7200
4:) Bearish Cloud
5:) Why the hell not.
Entry @ .7195
SL @ .7128
TP @ .7100
Sorry for the double post but unable to delete the previous one and this is more detailed and helpful.
1:) Symmetrical Triangle Breakout
2:) 50% Fib level intersects with 14 day bearish trend-line and 7 day bullish trend-line that was recently broken which could create a triple threat of resistance.
3:) Expected resistance at .7200
4:) Bearish Cloud
5:) Why the hell not.
Entry @ .7195
SL @ .7128
TP @ .7100
Sorry for the double post but unable to delete the previous one and this is more detailed and helpful.
Kommentar:
Price is hugging our trendline heading towards our projected entry
SL is .7228 NOT .7128 so no dumb questions.