ErikFertsman

RY (Royal Bank of Canada) | 10% Short Trade Setup

Short
TSX:RY   ROYAL BANK OF CANADA
Confirmation: 103.60
Invalidation: Local high
Type of Trade: Countercyclical (EMA50 above EMA200)
Target: 92.19
TF:4HR
Leverage: 2x
Pattern: 1) daily double top with 2) trendline break , 3) untested 8/1 Gann , and 4) frothy fundamentals (insufficient loan loss provisions).
Trade active