FB
Daily chart analysis.
After moving in a Distribution stage between Oct.’21- Jan.’22, price broke down and entered a downtrend.
Price is currently downtrend.
Price has pulled back to Dynamic Resistance in the 50ema
Stochastic in over-bought territory
Downtrend + pullback to dynamic resistance + Over-bough stochastic = Short Trade entry
Entering trade short
Entry: 221.89
Stop Loss: 241.44
Target: 185.97, +16.19%, 1.89 RR ratio
Daily chart analysis.
After moving in a Distribution stage between Oct.’21- Jan.’22, price broke down and entered a downtrend.
Price is currently downtrend.
Price has pulled back to Dynamic Resistance in the 50ema
Stochastic in over-bought territory
Downtrend + pullback to dynamic resistance + Over-bough stochastic = Short Trade entry
Entering trade short
Entry: 221.89
Stop Loss: 241.44
Target: 185.97, +16.19%, 1.89 RR ratio
Trade closed: target reached
Target: 185.97, +16.19%, 1.89 RR ratio
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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.