Shorting ANGO 3/4/2019
Entry: 23.24$ at 15:53 NY Time.
Stop Size: 0.19$
Result: R/R 1:2
Trade Idea:
Interday Reversal strategy (Powerful stock in the interday, "Healthy"
Fibonacci Retracement, Price Retracing to a resistance level, Candlestick pattern Trigger).
Tools: VWAP, EMA20, Pivot Points.
Trigger: Dark Cloud Cover Candlestick pattern on the VWAP.
Planning:
R/R Calculation: Almost 1$ Range to the low of the day, 0.19$ Stop
Potential R/R is 1:5
First Target at 1:2
Second Target: Progress Stop loss on top of every 5 minutes candle
Result: Reached 1:2 First Target, Stopped out on the first 5 minutes candle (22.99$)
Entry: 23.24$ at 15:53 NY Time.
Stop Size: 0.19$
Result: R/R 1:2
Trade Idea:
Interday Reversal strategy (Powerful stock in the interday, "Healthy"
Fibonacci Retracement, Price Retracing to a resistance level, Candlestick pattern Trigger).
Tools: VWAP, EMA20, Pivot Points.
Trigger: Dark Cloud Cover Candlestick pattern on the VWAP.
Planning:
R/R Calculation: Almost 1$ Range to the low of the day, 0.19$ Stop
Potential R/R is 1:5
First Target at 1:2
Second Target: Progress Stop loss on top of every 5 minutes candle
Result: Reached 1:2 First Target, Stopped out on the first 5 minutes candle (22.99$)
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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.