AMAZON TROUBLE

18 thg 6

AMZN Is currently trading Just 11% below its all time high and currently Facing exhaustion.

Amazon is currently trading 217$ range which was previous support now turned resistance(Daily Timeframe), making a double top pattern and a negative divergence on the RSI.

The best Trades are the ones with multiple confirmations
- Trading at a resistance (1D chart)✅
- Negative Price Action at the resistance (Double Top Pattern)✅
- RSI negative divergence✅
- Market Structure ✅

Entry Criteria
- A Red candle at the entry Line Marked
- Stoploss Above the Entry Candle

Target 1- 211$
Target 2- 208$

Keep Your Risk Reward Intact! Not An investment Advice

18 thg 6

Giao dịch đang hoạt động

Look Out for a triple top if there is

19 thg 6

Ghi chú

Hope your in the trade
Took the trade a little early at 216 levels SL above entry candle

Al move my SL at breakeven so there is no downside

Am a little skeptical about today so just in case Target 3 - 205$

21 thg 6

Đóng lệnh: đạt mục tiêu

All Targets Hit Great Work Everyone!!

Follow For more such Trading Ideas
I only Post High Quality Trades setups and they are rare , Hence I post Relatively Less.
A thing which makes a trader is the return he makes, not the number of trades in a month.

Comment Down Below.......................... Let me know if this was skill or Luck?😉