BABA possible rejection zone. Target 76
I´m expecting a rejection at 73,80 what will leads to strong momentum and reaching the target in this week. It is possible to trade this idea in the two ways.
1. Aggressive = with smaller size you will enter just after the US market open and you will close your trade if any 4H will close below the SL zone.
2. Conservative = with a bigger size you will enter after the price was rejected upwards from 73,80 and there is a clear 15M-30M close above 74,40. After entry, set your SL and trail it with 1ATR from 15M chart.
Wish you good luck.
1. Aggressive = with smaller size you will enter just after the US market open and you will close your trade if any 4H will close below the SL zone.
2. Conservative = with a bigger size you will enter after the price was rejected upwards from 73,80 and there is a clear 15M-30M close above 74,40. After entry, set your SL and trail it with 1ATR from 15M chart.
Wish you good luck.
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