SC (SANTANDER CONSUMER USA HOLDINGS INC) - False Break
Updated
Market structure: Uptrend, price might retest previous resistance turn support, price respecting 50MA
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 39.90 area.
Stop loss: 1 ATR stop loss taking reference from the retest
Take profit: Trailing stop
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 39.90 area.
Stop loss: 1 ATR stop loss taking reference from the retest
Take profit: Trailing stop
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Trade active
hammer candle occur
Always trade with the Trend, Trend is your friend until it bend
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