Setup: It was noted that GILD could be dropping to 73.878 Our setup is complemented by the following: 1. Multiple timeframe analysis 2. Divergence
Approach: Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits. Trade 1: Entry: 71.94 SL: 74.35 TP: 62.39
Entry: 71.94 SL: 74.35 TP: 57.46
It should be noted that once TP1 is hit, we will move the stop loss of trade 2 to breakeven.
Wondering about your reasons for this trade, thanks!