Potential downside on US2000, RTY - SHORT

26 de jul. de 2023

Looks like we have a good opportunity to go short on RTY.
Rejected the weekly trend line and looks like we are forming a double top pattern in the 4 hr timeframe.

Entry - 1980
Stop - 1795 ( I would like to see a 4 hr close over this level or the red sell zone)
First target - 1960
Final target - 1930

Let me know your inputs. Happy trading!

27 de jul. de 2023

Trade ativo

Reached our first target. I would book some profits here and update my stop loss for the rest

Updated Stop loss: 1980

28 de jul. de 2023

Trade fechado manualmente

Stop loss hit and I am out of the trade.

I might reenter later if I see a bearish price action but at this moment no trade here.

All in all, a successful trade! congratulations!