BEZ trade ideas
#BEZ:LSE Intra-day Buy Signal Beazley Long Setup for Intraday Tomorrow
This is what we can call the 2 day play or as I like to call it the Famous Setup ....
Short on emerging pattern recognitionMultiple setups on this trade
1. Price action pin bar confirmation shows short term continuation of the downward trend, previous structure lower low has come in contact which is also 38.2% fib level.
2. longer term Head shoulder pattern is emerging which is also pointing downwards.
Trading plan
1. Trade at open
2. With stop loss to be set at 50% fib levels
3. 1st target as the previous structure low also a support from earlier consolidation
4. 2nd target to aim previous low which would confirm the emergence of the head and shoulder pattern.
Good luck! Stay disciplined, else the market will discipline you!
Beazley ~ Long Swing TradeAt support with signs of a new uptrend.
Hold till resistance level/overbought RSI
Place stop loss at 475
Risk/reward ratio: 6
