Trend has not reversed: a high profit-loss ratio trend strategy
Aktualisiert
long term trend is bearish and there is no trend reversal signal.
Following this trend, before the recent supply price about $4.46, I short the 0.618 positions of 1h retracement downtrend between $4.2 to %4.4, a pin bar, and 1h&15min MACD deviation, stop loss at 0.786.
Target1:$3.9(recent demand price)
Target2:$3-$3.1(according to my experience with Fibonacci)
Conservative profit-loss ratio is at least 3.62
This is my first time to share my opinions in the English area, because there are too few people in Chinese...
Following this trend, before the recent supply price about $4.46, I short the 0.618 positions of 1h retracement downtrend between $4.2 to %4.4, a pin bar, and 1h&15min MACD deviation, stop loss at 0.786.
Target1:$3.9(recent demand price)
Target2:$3-$3.1(according to my experience with Fibonacci)
Conservative profit-loss ratio is at least 3.62
This is my first time to share my opinions in the English area, because there are too few people in Chinese...
Trade ist aktiv
I short sell at $4.206, keeping a recording.Anmerkung
I made a mistake in the open position, but after that, a bearish pin bar and head and shoulders verified my point of view, it means my main trend is correct, I think I should open a position separately and need multiple entries in order to increase the spatial location where risks can be tolerated.Now my short position has already been stopped, but I think the target price remains unchanged.
Target1,:$3.6-$3.7(Recent demand price)
Target2:$3-3.1(Fibonacci inferred trend end price)
Anmerkung
On another hand, in the face of a major trend, the stop loss level of the profit-loss ratio can be appropriately higher.
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