AAL Long, demand zone confirmed and Breakaway GapCondition:
1. False breakout stopped most of the positions bought in the demand zone.
1.1 After big down move
1.2 consolidation in Demand
1.3 Break through the Demand
1.4 One bar down, next bar up, back to the demand zone.
1.5 Higher than previous high
2. Breakaway Gap (G1), down trend line break.
Earning Date: 7/30/2020. It will not affect this trading plan.
Estimate: Demand zone at $9 could be hold.
Entry: 9.5
Stop: 9
Target: 12; risk/reward=1:5
This is a trading school homework. I need few 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.