Looking at a daily close under $69.20 for a short opportunity. Price is testing a horizontal that acted as strong support twice recently. Coupled with a 100/200EMA cross and current market situation will lead to a break in my opinion.
Entry: Would like to see a strong break of support and take the first retest to the $69 area.
Stop-Loss: $70.10
Take-Profit: $67.66
Entry: Would like to see a strong break of support and take the first retest to the $69 area.
Stop-Loss: $70.10
Take-Profit: $67.66
Trade active
Opened a short position on the retest to $69.20 to the tick, patience is keyTrade closed: target reached
Hit my target to the nose. Closed the trade.
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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.