this morning I have added twice to the short trade initiated on Friday on the Swing Trading Model Portfolios (I only trade the Cash/Hedge Model Portfolio in the direction of the weekly chart/long-term timeframe which I think is bullish). I added to the position based on the considerations shared with my newsletter subscribers yesterday. Hereunder are the details of the new trades:
SELL 6EZ12 at 1.3043, stop-loss 1.3099, 1st target at 1.2830, with further potential target at 1.2630
SELL 6EZ12 at 1.3072, stop-loss 1.3099, 1st target at 1.2830, with further potential target at 1.2630
Hereunder are my two related twits at 9.20 AM and 12.30 PM (after the retest of resistance) Italian time (GMT+1)
The two trades come with a reward/risk of, respectively 3.80 and 8.96, that can be considered very good when the trades are aggregated. I lowered the stop-loss of the first trade at 1.3099 and this is now the failure level of the overall short position. I do not expect to add in the coming days because risk will be much higher as we get away from the resistance level at 1.3080.
Have a great evening.