BABA Short Idea Hi guys ! Hope you are fine. I post my idea for short positions at BABA with a target of 126$ which is the lower bollinger band and then from there we will see a good retracement until 160$. So the two possible trades is 1.) Short with a target of 126$ or 2.) buy at bottom of 126$ and Hold this giant with the great future income balance ! Invest with wisdom and be carefull guys !
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Possible Short USD/CAD position!! SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H8
Timeframe - 1-2 weeks
Actions on -
A – Activating Event
Currency Pair creating a Double Top . USD will move into consolidation towards the end of the week followed by a south movement towards the @1.307 level.
B – Beliefs
Market will be rejected at @1.3343 area and move towards the first Target 1 level @ 1.307 level.
FX:USDCAD 1.02%
Trade Management
Entered @ Still waiting for confirmation
Stop Loss @ 1.341
Target @1.307
Risk/Reward @ 3:1
Happy trading. Will let you know closer to the time if or when executed:)
Follow your Trading plan, remain disciplined and keep learning !!
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Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
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Continue to sell rallies back to the upper dynamic and/or the break
below 15 when it comes.
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patient is the key yeah and I almost got my favourite price to follow the trend and trade that Breakout!
Look at this and let me know what you think! :-)
This is an update of this idea:
Peace and good trades
Irasor
Trading2ez
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