BeardedQuant
Short

Another Short!! (ofcourse)

LSE:SNR   SENIOR PLC 10P
Looks like I am very bearish on every stock!! anyways

Going with the trend on this trade which is down! it is a straightforward setup, no complex pattern or anything.
Price action hit the previous structure + Fib 38.2% zone with confirmation

I did not see this trade early enough i am a day late on this trade but the green candle yesterday is showing me, market is giving me another opportunity to get in.

Trading Plan
1. Trade at open
2. Stop loss outside of the zone as well the 50% fib level.
3. target to be at previous structure low.

Good luck!
Order cancelled: I have cancelled this trade because the stock is going ex-dividend today. so will have to wait. I dont trade on corporate action dates.
Trade active: This idea is back on the table, as the price didn't move significantly after the Ex-Div date. So might get in once the market has opened as per the previous plan

Comments

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