No 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
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
Trade closed: stop reached
Stop loss: 147.64 (-9.40%)
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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.
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.