RACE:a trade to not even worry about following the channel up worry when it gets to a purple zone other wise just long,take profits, relong take profits and so on.. hahaha
RACE trade ideas
Ferrari: daily triangle breakoutMain signals:
double bottom
triangle
gap
Buy 49.50-50.00
Stop-loss 47.34 (-1 tick under triangle)
Target #1 57.50
Target #2 60.00
Ferrari short entry at $ 46 [Just an idea]Hi traders,
We are currently looking at the daily chart of Ferrari. What do we see on the chart?
AB=CD pattern completion at $ 46
The big reversal in May 2016 was started at $ 46
If we draw the Fibonacci retracement from the moment of the Initial Public Offering in late 2015 to the low swing of February 2016, the 50% retracement end up just above $ 46
All in all, I think this is a good opportunity to go short.
Entry: $ 46
Stop: $ 47
Target: $ 43 = R:RR 2.63
Good luck if you take this trade. I will keep you updated.
RACE....."GOING AGAINST POTENTIAL RESISTANCE"IF LONG, STOPS ARE BELOW LOW OF THE MOVE.
NEW ENTRY FOR HIGHER TIMEFRAME IS ABOVE WEEKLY HIGH
TARGETS AND "MANAGEMENT MODE" PRICES ARE ON CHART
"Entrance" .......15 minute Entrance..........Panic moves create opportunity....it all depends if you know where to look for it.
Ferrari "Back in the Race"If you wait for "Confluence" your trading results will improve.You must be flexible as the markets are only a tool.
IF YOU LIKE TO DRIVE FAST?STOP IS BELOW THE LOW ...DAY TRADE TARGET IS THERE...
IF YOU ARE AGGRESSIVE .....
