Get started
Trader6127

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

Short
ROYAL BANK OF CANADA (TSX:RY)  
Trader6127 Updated   
TSX:RY   ROYAL BANK OF CANADA
Chart Patterns Gann Beyond Technical Analysis RY RBC canada shortcanada banks bankstock
1
0
chartpattern gann beyondta ry rbc canada shortcanada banks bankstock
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

Related Ideas

Trader6127
CIBC | 40% Short Trade Setup
Trader6127
TSLA | 90% Long Trade Setup
Trader6127
RY (RBC BANK) | Watch For Rejection and New Downtrend
Trader6127
Steve Eisman's Canada Trade
Trader6127
CA10Y | Rate Cuts Ahead for Canada. Watch the Banks!
Trader6127
Leveraged Loans | Corporate Risk Premium Crisis?
Trader6127
TXBA (Canadian Bank Index) - 60% Countercyclical Short Trade?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.