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MishaSuvorov
Apr 1, 2024 7:02 PM

JNJ Swing Long Conservative Trend Trade 14 Long

Johnson & JohnsonNYSE

Description

Conservative Trend Trade 14
+ long impulse
+ support level
+ 1/2 correction
+ T2 level
+ biggest volume 2Sp
+ test

Calculated affordable stop loss
1 to 2 R/R take profit

Daily chart context
+ long impulse
+ 1/2 correction

Monthly chart context
- short impulse
+ biggest volume Sp
+ test
+ 1/2 correction

Trade active

Hit my virtual stop loss, so moving take profit to my break even at $158

Trade active

Splitting take profit in to 2 parts
- 50% at $158 even
- 50% at $159.06 (2 Rs from the Spring set up it shows today on hourly)

Trade active

Decided to move the entire take profit to $159.06

Trade active

Doesn't go my direction, will break even at $157.80
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