aoberninger

#AGRO - 1H Timeframe- Warming Up engines for lift off.

Long
aoberninger Updated   
NYSE:AGRO   Adecoagro S.A.
MA200 Breakout ✓

Long Term downtrend Breakout.✓

Small resistance Breakout. ✓

Little pullback above the new support. Strength approved. ✓

Double supports to set up our stop losses. Just wait one day more until open long position.




Order cancelled:
Rise on COVID-19 cases around the world and uncertainties about US election smashed hard all equities last week. Even though 4.90 support showed strong for a couple of days, AGRO was dragged by the bears forces and our stop loss was trigger.

TRADING: CANCELLED.

Lesson: Although nobody likes to close a position with losses, we had a reminder that setup an objective stop loss prevent us from bigger losses.
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.