GME
Easy short trade
Price in existing downtrend
Price entered sideways range between 96-126.
Price broke down from this range to start continuation of downtrend.
Price has pulled back to previous support looking to turn it into resistance. Price in area of value, my cue to enter trade
Entering trade short.
Entry: 97.00
Stop loss: 109.79
Target:
Initial target: 67.21, +30.71%, 2.33 RR ratio
Mid target: Trail 10ema
Easy short trade
Price in existing downtrend
Price entered sideways range between 96-126.
Price broke down from this range to start continuation of downtrend.
Price has pulled back to previous support looking to turn it into resistance. Price in area of value, my cue to enter trade
Entering trade short.
Entry: 97.00
Stop loss: 109.79
Target:
Initial target: 67.21, +30.71%, 2.33 RR ratio
Mid target: Trail 10ema
Trade closed: stop reached
Stopped: Stop loss: 109.79Will look to reenter trade if candlestick reversal at resistance @ 126
Trade active
ReentryEntry:140.05
Stop Loss: 157.73
Target: 78.81, +43.73%, 3.46 RR ration
Trade closed: stop reached
Stopped: Stop Loss: 157.73third time is the charm. Will be posting my re-entry for this trade
Trade active
Entry: 144.17Stop loss: 170.99
Target: 82.45 , +42.81%, 2.3 RR ratio
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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.