FullTimeTrader
Long

NRG-false break strategy

BATS:NRG   NRG ENERGY, INC
68 0 1
This strategy is said to be very reliable, specially on higher timesframes (D1 and more).
Weekly chart analisis:


Here is the textbook theory:
1) Prices is on clear downtrend
2) Prices breaks an important area of S/R and retraces inmediately (within 3 candles)
3) There is divergence on histogram and moving averages on MACD
4) Risk/Reward ratio: at least 1 to 2

Here we have also an inverse head and shoulders pattern
Lets see what happens
Best Regards
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