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taftrader
Oct 14, 2020 4:03 PM

Tenkan Bounce? Long

ANHEUSER-BUSCH INBEV SA NVJSE

Description

Last weeks bullish sentiment could continue. The past 3 days we saw price retreating to test the weekly tenkan. Today's close was a satisfactory bouncer although we would have loved to see a green close. The trade will be taken on 4h where we can see the bulls tentatively coming in. If they increase momentum in tomorrows session our trade will play out well.

Entry: 95354
SL: 92717 ( just below the daily Kijun and SSB)
TP: 103 980
RR: 3.22

Position sizing is crucial!
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