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Michaeljob
Feb 18, 2018 9:08 AM

Morning Star Reversal Trade Long

Description

A morning star reversal has formed on the weekly chart for AVB, with the backdrop of a strong gold price and pending updates on the 2m oz project this trade concept provides a solid R:R

When the pattern last played out in mid 2017 a 24% rise occurred which faced resistance at previous support.

The exit has been chosen at the old support level of 9.5c which gives around 15% in the success case
Comments
littlegreenman
look where this went
Michaeljob
@littlegreenman, yes, definitely exceeded expectations!
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