REASON FOR THE ENTRY: Cross of the 2 HULL Moving Average over an Andean Oscillator Sell Condition in 1-Hour Timeframe (2XHULL+AO1h) (which happened overnight), MACD 2 Hours is Neutral, MACD in the daily is Bearish as well.
Context:
- Breakage of the Long Term Support (In green)
- Rebounded on the Short Term Resistance (In red)
EVALUATION: B-Trade (Medium Size)
TYPE: SHORT
RISK: 0.02 Lots
PROJECTED R:R TARGET: 2.2R
Evolution of the trade in the comments section, below...
Ranging for the moment...
Ranging, the market is dead...
The trade is a LOST, however I did not close it because the size was very low...
I am planning to add a sell position, perhaps doubling the size to recover the loss at BE.
The entry will be when the price breaks the green support ascending line.