My short trade for Parkway was triggered today. 5 lots at 1.24 (hist low). On second thoughts, I could have moved the trigger pt. to slightly further away, but never mind now.
Levels to watch for:
TP: 0.685 (50% Fib), my personal comfort level is $0.30 profit, at $0.95, if you measure that previous breaks below low always is by ard $0.30. Sep 18 lo: from 1.91 to 1.57, 0.34
Oct 28 lo: from 1.57 to 1.25, 0.32
Resistance: 1.87 (recent hi), although I intend to cut way before this happens.
Risk-Reward: 1-1 (not very favourable actually, but I enter the trade only because I am convinced about downside, and I will not wait till 1.86, possibly ard 1.45, so risk-reward is 1-3). Merry Christmas.
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