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AhKeongTheTrader
Aug 16, 2021 7:11 AM

MRNA (MODERNA) - False Break Long

Moderna, Inc.NASDAQ

Description

Market structure: Uptrend, price might retest previous resistance turn support
Setup: False Break/ Retest previous resistance turn support
False Break candlestick pattern: Hammer / Bullish engulfing

To look for trading opportunities when price retest previous resistance turn support at around 361.00 area.
Stop loss: 1 ATR stop loss taking reference from the retest
Take profit: Swing High around 484.30 area

Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.

Comment

Bullish candle stick occur

Trade active

Trade closed: stop reached

Comments
thankyouman90
wow
kevinespartinez88
amazing analysis!
AhKeongTheTrader
@kevinespartinez88, thank you, hope you all like it
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