📉🚨
🔹 Asset: AG – NYSE
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown (Ascending Triangle Failure)
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $7.20 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $7.50 (Key Resistance Level)
🎯 Take Profit Targets
📌 TP1: $7.00 (Support Level)
📌 TP2: $6.42 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$7.50 - $7.20 = $0.30 risk per share
📈 Reward to TP1:
$7.20 - $7.00 = $0.20 (1:0.67 R/R)
📈 Reward to TP2:
$7.20 - $6.42 = $0.78 (1:2.6 R/R)
✅ Favorable Risk-Reward Ratio toward TP2
🔍 Technical Analysis & Strategy
📌 Ascending Triangle Failure: The price is losing momentum, failing to break out higher, indicating a bearish shift.
📌 Resistance at $7.50: A key level acting as a rejection zone.
📌 Support at $7.00: A break below this increases bearish pressure.
📌 Volume Confirmation Needed: Look for increasing selling volume below $7.20 for confirmation.
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong selling volume below $7.20 before entering.
📉 Trailing Stop Strategy: Move SL to break-even ($7.20) after hitting TP1 ($7.00).
💰 Partial Profit Booking Strategy
✔ Take 50% profits at TP1 ($7.00), let the rest run toward TP2 ($6.42).
✔ Adjust Stop-Loss to Break-even ($7.20) after TP1 is reached.
⚠️ Risks & Considerations
❌ Fake Breakdown Risk: If the price reclaims $7.20, exit early.
❌ Confirmation Required: Wait for a 30-min candle close below $7.20 before entering.
🚀 Final Thoughts
✔ Bearish Setup – Strong downside potential.
✔ Momentum Shift Possible – Watch for selling volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.6 toward TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📉
🔗 #AG #NYSE #ShortTrade #TradingView #ProfittoPath 💰📊
🔹 Asset: AG – NYSE
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown (Ascending Triangle Failure)
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $7.20 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $7.50 (Key Resistance Level)
🎯 Take Profit Targets
📌 TP1: $7.00 (Support Level)
📌 TP2: $6.42 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$7.50 - $7.20 = $0.30 risk per share
📈 Reward to TP1:
$7.20 - $7.00 = $0.20 (1:0.67 R/R)
📈 Reward to TP2:
$7.20 - $6.42 = $0.78 (1:2.6 R/R)
✅ Favorable Risk-Reward Ratio toward TP2
🔍 Technical Analysis & Strategy
📌 Ascending Triangle Failure: The price is losing momentum, failing to break out higher, indicating a bearish shift.
📌 Resistance at $7.50: A key level acting as a rejection zone.
📌 Support at $7.00: A break below this increases bearish pressure.
📌 Volume Confirmation Needed: Look for increasing selling volume below $7.20 for confirmation.
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong selling volume below $7.20 before entering.
📉 Trailing Stop Strategy: Move SL to break-even ($7.20) after hitting TP1 ($7.00).
💰 Partial Profit Booking Strategy
✔ Take 50% profits at TP1 ($7.00), let the rest run toward TP2 ($6.42).
✔ Adjust Stop-Loss to Break-even ($7.20) after TP1 is reached.
⚠️ Risks & Considerations
❌ Fake Breakdown Risk: If the price reclaims $7.20, exit early.
❌ Confirmation Required: Wait for a 30-min candle close below $7.20 before entering.
🚀 Final Thoughts
✔ Bearish Setup – Strong downside potential.
✔ Momentum Shift Possible – Watch for selling volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.6 toward TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📉
🔗 #AG #NYSE #ShortTrade #TradingView #ProfittoPath 💰📊
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.