Asset and Time frame - AMD Weekly
Entry Price - 70.80
Exit(Stop Loss) -79.70
Exit(Take Profit) - 42.52
Technical Analysis - Price tried breaching the 70.80 resistance level with 3 Doji candles with no success and now seems like returning to a sideway range between 70.80 to 41.35,
also, the price is exactly on the 2 weeks moving average and can make a swift reversal to the downside because of it.
This is a short position, so only risking 0.75%
Entry Price - 70.80
Exit(Stop Loss) -79.70
Exit(Take Profit) - 42.52
Technical Analysis - Price tried breaching the 70.80 resistance level with 3 Doji candles with no success and now seems like returning to a sideway range between 70.80 to 41.35,
also, the price is exactly on the 2 weeks moving average and can make a swift reversal to the downside because of it.
This is a short position, so only risking 0.75%
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The 2W chart