DBK: Downtrend continuation trade
Updated
DBK lends itself to a downtrend continuation trade. Enter at market open tomorrow, keep stops at 13.85.
We can trade this using the ADR if trading in the US stock market (DB ticker), in which case, we'd have to use a different stop loss. Ask if you're interested in taking that setup.
There's a distinct possibility that DBK resumes the long term downtrend from here onwards, just keep risk to 1% max, and give the trade some time to evolve.
Cheers,
Ivan Labrie.
We can trade this using the ADR if trading in the US stock market (DB ticker), in which case, we'd have to use a different stop loss. Ask if you're interested in taking that setup.
There's a distinct possibility that DBK resumes the long term downtrend from here onwards, just keep risk to 1% max, and give the trade some time to evolve.
Cheers,
Ivan Labrie.
Comment
Solid!Trade closed manually
I'm out for now.
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