CVS to Long, from 53 to 58Existing Condition:
1. 05/17/2019 Weekly demand zone confirmed
2. in 15 min, down trendline break by breakaway Gap (G1)
3. Re-test the Gap, Gap filled.
Entry below 53.2
Stop: 51.8
Target1: 58; Risk:reward=1:3
Target2: 61; Risk:reward=1:5
If G2 (breakwayGap up) breaks the 2nd down trend line. That is a confirmation of trend reversal.
That is another entry point.
This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
In my real trade, I use options. I bought Jun 57.5 Call, limit 3.5 (it is 3.2 now).
If stop: lose about 1.00.
Sum of my ideas: 3 active
4 winner, 1 loser, 8 cancelled, 0 pending for condition, 4 analysis only.