Wednesday, 14 November 2012

Trade 05_131112_Profit



Took this short as a failed breakout attempt at the top of a bear channel. Technically the signal bar setup a L1 short since there was no earlier bar that extended below the low of its prior bar. But i assumed the 2 tails (in box) as the market having already made 2 pushes up and down and so im betting on its failure and a move down to the bottom of the channel.

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