REASON FOR THE ENTRY: Cross of the 2 HULL Moving Average over an Andean Oscillator Buy Condition in 1-Hour Timeframe (2XHULL+AO1h), MACD 2 Hours is BEARISH, MACD in the daily is BEARISH as well.
Also Long term Resistance breakout detected.
TYPE: SHORT
RISK: 0.01 Lots
PROJECTED R:R TARGET: 1.5R
Evolution of the trade in the comments section, below...
Seems willing to retest the old support (Green line)
Starting the week:
Boring range, however MACD on the 2H has get BULLISH 😗
Ranging with low volume, for 7 days already...
Finally, some price action here, we broke the lower level and 2xHULL seems pointing towards a second cross
Opening a DEFENSIVE trade, with double the size towards BreakEven