Short POS After Long Bull Rally!!!

8 июн. 2023 г.

After an extravagant run to the upside bulls are now beginning A bear rally, I seen a strong drop to the downside letting me know bulls are exiting the market which gave me a sign of reversal to the downside. I then waited for a pullback which the market always has which then created a lower high which I took as another bearish signal to short the market I then waited for a nice entry position on the pullback which created the Lower High which I then opened a short POS with a Risk/Reward Ratio: 1.7 with my stoploss set at 0.5261 my entry at 0.5141 and my take profit at 0.4937. waiting for break of trendline which will trigger strong move to the downside and hit my take profit Please share your thoughts on what you think in the comments!!!