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tradeisela
Sep 22, 2022 1:43 PM

AMGN - potential short breakout from horizontal support Short

Amgen Inc.NASDAQ

Description

broke horizontal support

Setup:
NASDAQ:AMGN 1D chart
enter with limit order when price pulls back - EP @ low of range
SL above last pullback
TP @ previous lows of Oct/Dec '21
R/R 3.7

⚠️ watch out for potential supports @ previous levels of resistance or support (marked with orange flags)
> 1:1 when hitting first support, 2:1 when hitting second, so trade should be risk free by then
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