Short from red sloping line.
There was a large retracement in a rapidly falling slope
Short now at 1255
Stop 1257
Profit at 1220
There was a large retracement in a rapidly falling slope
Short now at 1255
Stop 1257
Profit at 1220
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Stop was at entry. We were $2 in profit but I was looking for a bigger move down over the July 4 holiday
Red sloping line was resistance for several hours, then breached and became support So the upward trend continues so the same line can be used for support for a long trade at 1258 with stop at 1255
Red sloping line was resistance for several hours, then breached and became support So the upward trend continues so the same line can be used for support for a long trade at 1258 with stop at 1255
