AC Long
Updated
Long Pros
Good Technical:
-50% Fib Pullback
-Bouncing of MA's
-Slight Higher-highs
-Overall impulse is up
-Strong bull dailys
Long Cons:
-COVID government restrictions
-Layoffs news
Good Technical:
-50% Fib Pullback
-Bouncing of MA's
-Slight Higher-highs
-Overall impulse is up
-Strong bull dailys
Long Cons:
-COVID government restrictions
-Layoffs news
Trade closed: stop reached
Re-entry @ 61.8 Retrace and strong daily. Stop under low candle. Good R:RTrade active
Fundamental error (News missed) :Canadian Guv pushed for no flying thus hurting the airline industry for Canada.
Technical were good but fundamentals can change that.
The Trade above still valid @ 19.69 = 61.8 the bounce after that candle was a good entry.
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