Long Trade Setup Breakdown for Aurora Innovation Inc. (AUR) - 30Chart
🔹 Asset: Aurora Innovation Inc. (AUR)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Pennant Breakout
🚀 Trade Plan (Long Position):
✅ Entry Zone: $10.18 (Breakout Confirmation)
✅ Stop-Loss (SL): $9.22 (Below Support)
🎯 Take Profit Targets (Long Trade):
📌 TP1: $11.28 (First Resistance)
📌 TP2: $12.61 (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation:
📈 Risk (Stop-Loss Distance):
$10.18 - $9.22 = $0.96
📈 Reward to TP1:
$11.28 - $10.18 = $1.10
💰 Risk-Reward Ratio to TP1: 1:1.14
📈 Reward to TP2:
$12.61 - $10.18 = $2.43
💰 Risk-Reward Ratio to TP2: 1:2.53
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: A sustained move above $10.18 signals further upside.
📌 Pattern Formation: Bullish Pennant formation, indicating momentum continuation.
📊 Key Support & Resistance Levels:
🟢 $9.22 (Strong Support / SL Level)
🟡 $10.18 (Breakout Zone / Entry)
🔴 $11.28 (First Profit Target / Resistance)
🟢 $12.61 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If price holds above $10.18, potential move towards $11.28 and $12.61.
A high-volume breakout would confirm trend continuation.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure strong buying volume above $10.18.
📈 Trailing Stop Strategy: Move SL to entry ($10.18) after TP1 ($11.28) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $11.28, let the rest run to $12.61.
✔ Adjust Stop-Loss to Break-even ($10.18) after TP1 is reached.
⚠️ Fake Breakout Risk:
If price drops below $10.18, wait for a retest before considering re-entry.
🚀 Final Thoughts:
✔ Bullish Setup – If price sustains above $10.18, higher targets are likely.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.14 to TP1, 1:2.53 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #AUR #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath
