Simple S/R Strategy: Trade #5 - SBUX

Hoping to see an MSR form at the bottom of this channel with tomorrow's Daily candle, at which point I'll get triggered into the trade.

So far, I'm 2 for 4 on the testing of this strategy.

Order cancelled:

Lots of bear pressure across the market today. Cancelled the order for now, but I'll be keeping a close eye on the next few candles for evidence of a bounce.

Emanuelle, thanks for the tip on upcoming earnings. I believe Q3 results will play out in my favor based on historical Q3 earnings for SBUX.

Comment:

Only active on this one with PaperMoney. Started to get a little nervous about a trap occurring over earnings. Let's see what happens!