PYPL 25-08-2021 Long
Asset and Time frame -PYPL, Daily
Entry Price -277.50
Exit(Stop Loss) -267.81
Exit(Take Profit) -321.93
Technical Analysis - Similar to my last PayPal trade, the price is going in an up-trending channel for a long time, with multiple confirmation touches, we have the 100MA as secondary support for the price beside the channel, it looks like the price is trying to make a higher high, the only downside I see here is the 4-hour chart which doesn't seem very bullish(candle sizes are pretty small) and the 4 hour MA as resistance.
Entry Price -277.50
Exit(Stop Loss) -267.81
Exit(Take Profit) -321.93
Technical Analysis - Similar to my last PayPal trade, the price is going in an up-trending channel for a long time, with multiple confirmation touches, we have the 100MA as secondary support for the price beside the channel, it looks like the price is trying to make a higher high, the only downside I see here is the 4-hour chart which doesn't seem very bullish(candle sizes are pretty small) and the 4 hour MA as resistance.
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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.