Please refer to the idea linked below for study as it relates to this idea. This idea is for demonstration and educational purposes and does not constitute a signal to sell. We see strong wick rejection at a key level and also the 200 MA serving as possible dynamic resistance. We do know that for the past three weeks we have seen bullish momentum building. We do see that we have wick exhaustion building for at least a short term drop . This sell opportunity may hence not be very long. We must study price action at key levels as noted to see how we should respond.
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Trade fechado manualmente
price is sitting on major support. I am taking my profits now and will consider another entry later. Profits are always great to have and keep.
Nota
If you rode the trade out until the end or after the re-test (very short buy opportunity) entered for the sell again be sure to protect your profits or better yet close out. Congratulations!
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