On the weekly timeframe for NYSE:SHOP, I noticed four things immediately:
- A candle close above the bullish flag forming, indicator bullish momentum. - NYSE:SHOP recently created swing highs at $53.70 and then broke it and bounced perfectly off of it showing that $53.70 is a KEY level. - When price bounced off of $53.70, it was also at the 5 SMA, adding more confluence to my trade - Lastly, I saw a divergence on the volume indicator, which is always a good sign of confluence for my trades.
Given these four reasons, I am bullish on NYSE:SHOP as of now.
Stop Loss / Take Profits Stop loss: The stop loss of this trade is set at $55.42, which is the most recent low.
Take Profits: All of these take profits are set at levels that I felt were phycological levels. My plan would be to scale out half of my position at TP1, 1/2 of the remaining position at TP2, and fully out at TP3
I do not understand really. When I load your indicator, it asked me to be a premium member. I did pay for a premium pro. Then it send me back to your website which I have to pay again another membership in addition to the pro premium. And finally steel doesn’t show up to my screen telling me that I have an addition link only.. could you help or I would declined both payment.