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VasilyTrader
Jun 12, 2020 2:53 PM

PEPSICO (PEP) Important Structure Breakout Short

PepsiCo, Inc.NASDAQ

Description



PEP broke below horizontal daily support.

now the market retesting the broken level and for us, it is a perfect opportunity to catch a bearish movement.

target level: 124.5
Comments
john_markwah
good idea
VasilyTrader
@john_markwah, thank you bro!
DemoDiaryFX_Trading
thank you for this idea! I don't like the fact we came into 129-130 support in one bearish push though, with no build up before breaking the support (looking overextended on h1)
But as for now it works very well i must say :))
VasilyTrader
@dima_yevtushenko, you are welcome my friend!
VasilyTrader
Are you also bearish on PEP?
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