MRNA (MODERNA) - False Break
Updated
Market structure: Uptrend, price might retest previous resistance turn support
Setup: False Break/ Retest previous resistance turn support
False Break candlestick pattern: Hammer / Bullish engulfing
To look for trading opportunities when price retest previous resistance turn support at around 361.00 area.
Stop loss: 1 ATR stop loss taking reference from the retest
Take profit: Swing High around 484.30 area
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Setup: False Break/ Retest previous resistance turn support
False Break candlestick pattern: Hammer / Bullish engulfing
To look for trading opportunities when price retest previous resistance turn support at around 361.00 area.
Stop loss: 1 ATR stop loss taking reference from the retest
Take profit: Swing High around 484.30 area
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Note
Bullish candle stick occurTrade active
Trade closed: stop reached
Always trade with the Trend, Trend is your friend until it bend
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.