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.
Not
Bearish outlook remains intact 
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.