IvanLabrie
Short

DBK: Downtrend continuation trade

FWB:DBK   DEUTSCHE BANK AG NA O.N
141 2 16
DBK lends itself to a downtrend continuation trade. Enter at market open tomorrow, keep stops at 13.85.
We can trade this using the ADR             if trading in the US stock market ( DB             ticker), in which case, we'd have to use a different stop loss. Ask if you're interested in taking that setup.

There's a distinct possibility that DBK resumes the long term downtrend from here onwards, just keep risk to 1% max, and give the trade some time to evolve.

Cheers,

Ivan Labrie.
Comment: Solid!
Trade closed manually: I'm out for now.
Great idea
+1 Reply
Thanks, let's see how it works.
Cheers.
Reply
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