UPs has been on a monster roll throughout the pandemic and is current;y trading in this channel. Holiday season is approaching and UPS will play a role in how vaccines are shipped around the country. I am currently looking for buys and see a possible setup for tomorrow.
I would like to see Price action as UPS approaches its 50EMA on the 4HR chart. I like the RR of this trade.
Possibilities:
If UPS gaps up I may not enter the trade depending on how far it is from entry. Will wait for retest of key level.
If it gaps down I will wait for price action to cross my demand area upwards.
Exit: I will abandon this trade if it breaks and hold below the 50EMA on higher time frame.
*This is not financial advice. I am not a advisor.
I would like to see Price action as UPS approaches its 50EMA on the 4HR chart. I like the RR of this trade.
Possibilities:
If UPS gaps up I may not enter the trade depending on how far it is from entry. Will wait for retest of key level.
If it gaps down I will wait for price action to cross my demand area upwards.
Exit: I will abandon this trade if it breaks and hold below the 50EMA on higher time frame.
*This is not financial advice. I am not a advisor.
Trade active:
I entered a starter position earlier in the day. Going to hold this one for a potential swing.
Comment:
I added to my position yesterday off of more rejection.