AMD Swing trade idea
I like the OF on the H4 time frame here in AMD and have some swing positions open. I already took off some positions on this same trade idea with target as PDL that already puts me in profit on this trade as AMD was a nice sell off in the AM session. The rest of the trade is risk free and will be managed accordingly next week. Rejection from H4 SIBI, taking out buy stops and heading towards sellside liquidity confirms bearish orderflow may be in play. Possibly MMSM here. Any displacement from this level would be further confirmation for price to trend lower.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.