XCN Stop Outs Tightened
Because the Hash Ribbon indicator is now flashing a buy signal on many charts (I’ll go over this in a future video) and is almost never wrong, I have chosen to tighten my stop out on this trade to reduce loss if the trade goes sideways on me. The new stop out is .09237 and is reflected on my Trade Tracker:
It is worth noting that I have also recently spotted a conflicting technical indicator, a bullish descending wedge, which has the potential of invalidating the earlier Head and Shoulders pattern I had noted in the chart (see below):
Take care all. I would not blame you if you wanted to exit this trade now because of the conflicting data.