Easy idea on FANG for 10% returns 🟢 Easy idea on FANG for 10% returns
NASDAQ:FANG is offering today a 10% returns opportunity risking just 2,5% in the deal.
Furthermore, FANG has multiple patterns supporting this.
As a bonus point, I will explain how to do this trade RISK-FREE.
✅ What pattern is unfolding in FANG?
FANG has broken a minor blue trendline meaning that the price should fall at least until the first serious support (the red line).
If this red line is also broken, we have a potential 10% decline.
💰 How to trade this chart pattern?
Selling when the blue line is broken is the most optimal idea. To be sure that I do not fail, I will split my position in 2 take profits, so at least I can pay my stop loss and enter a risk-free trade.
🛡️ The risk management strategy
As we have done in so many previous ideas, remember you can split the position in 2.
- 50% of the position in a take profits, at least, as large as your stop loss (adapt SL and this 1st TP to local supports/resistance levels). In this case, a 3% TP for 2,5% SL (see the chart)
- 50% of the position to a price as large as the previous pattern, which would mean a profit of 10%.
✴️ ENJOY AND FOLLOW for more 😊
