10emaX50sma + flag + bullish MACD + Double Bottom
The 10ema has finally crossed the 50sma on the daily (my favorite buy n hold signal)
This is the setup:
Trigger: 74.81
Stop: 72.86
Target: 82.68
R:R - 4:1
I want a pull back to 74.81 to trigger me in and then I want two things to happen:
1. 74.50 to hold support
2. 50sma to hold support so that so that no candles close below it
I really like that the volume on this pullback has closed below the volume moving average as well
This is the setup:
Trigger: 74.81
Stop: 72.86
Target: 82.68
R:R - 4:1
I want a pull back to 74.81 to trigger me in and then I want two things to happen:
1. 74.50 to hold support
2. 50sma to hold support so that so that no candles close below it
I really like that the volume on this pullback has closed below the volume moving average as well
Trade closed manually
74.50 broke and closed below 50sma all in same day. The downslide was caused by a trump speech either before or after Obama speech. May be more downside after inauguration.
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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.