Good morning traders
Entering short position while below 200 MA and after breaking ascending trend line
Fundamental reason is CAD strenght after OIL bull run.
This position is part of a diversified portfolio with proven track record as you can see at my signature. You can copy if interested.
1. Do Not Increase Risk on Losing Positions: Never add to a losing position (averaging down).
2. Define a Clear Trading Scenario: Before entering, define the market structure (e.g., bullish/bearish) and stick to it.
3. Use Proper Risk Management: Set stop-losses to protect capital, ensuring you do not jeopardize your account.
4. Wait for Confirmation: Do not jump into trades; wait for structural breaks or patterns to confirm the setup.
5. Be Patient for Target Achievement: Allow trades to reach their target without rushing to close them early due to minor pullbacks.
6. Adapt to Changing Market Conditions: Be prepared to close positions if the market structure changes, such as a major reversal candle.
Entering short position while below 200 MA and after breaking ascending trend line
Fundamental reason is CAD strenght after OIL bull run.
This position is part of a diversified portfolio with proven track record as you can see at my signature. You can copy if interested.
1. Do Not Increase Risk on Losing Positions: Never add to a losing position (averaging down).
2. Define a Clear Trading Scenario: Before entering, define the market structure (e.g., bullish/bearish) and stick to it.
3. Use Proper Risk Management: Set stop-losses to protect capital, ensuring you do not jeopardize your account.
4. Wait for Confirmation: Do not jump into trades; wait for structural breaks or patterns to confirm the setup.
5. Be Patient for Target Achievement: Allow trades to reach their target without rushing to close them early due to minor pullbacks.
6. Adapt to Changing Market Conditions: Be prepared to close positions if the market structure changes, such as a major reversal candle.
Uwaga
Bearish outlook remains intact 
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.