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IvanLabrie
Sep 5, 2016 7:06 PM

DBK: Downtrend continuation trade Short

DEUTSCHE BANK AG NA O.N.FWB

Description

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.
Comments
vaicru
Great idea
IvanLabrie
Thanks, let's see how it works.
Cheers.
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