Trading_Jazz
Short

Time to another retracement before a rally ? // IF=THEN ®

NASDAQ:ADBE   ADOBE SYS INC
112 1 1
NASDAQ:ADBE            

Bearish divergence on RSI , looking left to the previous structure, i imagine a retracement in 3 levels, the first one right below at previous Resistance, now Support @87$;
Second target around the 61.8% retracement @79.66$;
The last one, a full retracement back to the 70$;

How to trade this:

Open a short position that can be divided into three, example 3 lots, 0.3 lots, or even 0.03 lots...
Once we get the first target, we will close 1/3 of our position and move SL to breakeven;
Once we get the second target, we will close another 1/3 of the position and move SL above the first target, and the last 1/3 to the 3th target to let it run with no risk at all...

Safe trades;

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Darenth
a year ago
Very nice one! good setup ! On the daily chart, we seem to have a greater profit,from 2014/06 to today.
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