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Meoh Short Trade- Stop 71.30 Entry 68.55 Target 1 63.05 2:1 Target 2 60.3 Target 3 optional trail
Short setup is forming as market retest range highs
NBIX- ENTRY 90.92 SL 95.01 T1 86.92 rr 2:1 T2 77.01 rr3:4
Short setup is forming...
Friday's low and close to 61.8% of the 108.65-110.02 rise. Looking for uptrend to resume and clear May's 110.02/05 highs, the 200-DMA at 110.18 and 61.8% of the 113.75 104.56 drop at 110.24, for a run at 110.85, Nov's low & 61.8% of the 114.73-104.56 drop.
Analysis done with Daily and 4h price action.
Price is almost at our channel and trendline. We are still expecting a touch for the trendline and then bearish move. Great low risk setup..
LIKE if you agree.
If I decide to reduce shares in either of my holdings (FB, PYPL), CUR would be a small bet I would be willing to take. It recently shedded about half it's value since the huge spike up. It seems to have finally found bottom. I have support and resistance lines drawn in, if I end up investing, I would set a stop just below the support, and play the sell out (limit)...
Having multiple retests in the 1.2900 zone, we expect to see a drop in the short/medium-term direction.
We've set the sell stop order at the low of the latest candlestick retest.
Our first target will be near 1.2840 to adjust our stop loss to break-even. The second target will be near the long-term ascending trend line.
And least but not least the stop has been...
In my opinion it's to early to go long on this pair ... yet.
To have a best opportunity and smallest risk I want to see price hit 0.7330 on horisontal supportline or even better, diagonal trendline at 0.73000 before I will hit any buy.
I see 0.7500 as potential target area.