Trend has not reversed: a high profit-loss ratio trend strategy

long term trend is bearish and there is no trend reversal signal.

Following this trend, before the recent supply price about $4.46, I short the 0.618 positions of 1h retracement downtrend between $4.2 to %4.4, a pin bar, and 1h&15min MACD deviation, stop loss at 0.786.

Target1:$3.9(recent demand price)
Target2:$3-$3.1(according to my experience with Fibonacci)

Conservative profit-loss ratio is at least 3.62
This is my first time to share my opinions in the English area, because there are too few people in Chinese...

交易开始:

I short sell at $4.206, keeping a recording.

评论:

I made a mistake in the open position, but after that, a bearish pin bar and head and shoulders verified my point of view, it means my main trend is correct, I think I should open a position separately and need multiple entries in order to increase the spatial location where risks can be tolerated.

Now my short position has already been stopped, but I think the target price remains unchanged.

Target1,:$3.6-$3.7(Recent demand price)
Target2:$3-3.1(Fibonacci inferred trend end price)

评论:

On another hand, in the face of a major trend, the stop loss level of the profit-loss ratio can be appropriately higher.