Here is a pretty self explanatory Matic short setup chart with levels marked.
Even though Matic is currently in an uptrend, I spotted a bearish rising wedge pattern, which can potentially break down.
Note: As per trading best practice, it's best to take a trade after completion of the pattern (as of now, the pattern is still not valid because the wedge is still not broken), but the risk: reward is decent, and there is a nasty wick (bearish) on the 1H and 4H chart, which just convinced me to take the trade.
Disclaimer: None of this is financial advice. If you wish to take the trade, make sure you are first comfortable of losing <x> amount if your stoploss is hit. Please manage your risk accordingly.
Happy trading. :)
Even though Matic is currently in an uptrend, I spotted a bearish rising wedge pattern, which can potentially break down.
Note: As per trading best practice, it's best to take a trade after completion of the pattern (as of now, the pattern is still not valid because the wedge is still not broken), but the risk: reward is decent, and there is a nasty wick (bearish) on the 1H and 4H chart, which just convinced me to take the trade.
Disclaimer: None of this is financial advice. If you wish to take the trade, make sure you are first comfortable of losing <x> amount if your stoploss is hit. Please manage your risk accordingly.
Happy trading. :)
Trade geschlossen: Stop wurde erreicht
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.