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AhKeongTheTrader
Aug 16, 2021 7:03 AM

ORMP (ORAMED PHARMACEUTICALS Inc.) - False Break Long

Oramed Pharmaceuticals 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 14.40 area.
Stop loss: 1 ATR stop loss taking reference from the retest
Take profit: Swing High around 23.00 area

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

Comment

False break occur

Trade active

Trade closed: target reached

Comments
AhKeongTheTrader
set my stop loss at 12
TP at 23
AhKeongTheTrader
managed to hop in the trade at 15.60
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