MSFT: Shorting the euphoria
Updated
Here we have a very interesting short setup. The market drove price up near a very strong resistance zone, so I'm willing to take a stab at a short position in this zone. A very low risk entry, aiming for a retest of the 20 bar mode at 43.48 initially, our stop loss can be minimal, with very low probability of it being hit before our profit target is.
Setup is simply technical, do your due diligence if taking this trade, you can use 1 atr above the resistance at 46.70 or a few ticks, up to you.
I provide trade management cues, live updates and intermarket analysis via my collective2 page, which you can find in my profile here.
Good luck,
Ivan Labrie
Time at Mode FX
Setup is simply technical, do your due diligence if taking this trade, you can use 1 atr above the resistance at 46.70 or a few ticks, up to you.
I provide trade management cues, live updates and intermarket analysis via my collective2 page, which you can find in my profile here.
Good luck,
Ivan Labrie
Time at Mode FX
Trade closed: stop reached
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