BA 7/11/2022No fly zone.
BA is currently in a downtrend with 50 ema acting as Dynamic Resistance
Price has touched a low of 114
Price has pulled back found resistance at 141 and 50ema
We currently have Stochastic coming off an Over-bought signal.
Downtrend + Pullback to Resistance + Overbought Stochastic = Short trade
It doesn’t get old.
Entering trade short.
Entry: 134.95
Stop loss: 147.64 (-9.40%)
Target: 114.43, +15.21%, 1.62 RR ratio