AMZN Is currently trading Just 11% below its all time high and currently Facing exhaustion.Amazon is currently trading 217$ range which was previous support now turned resistance(Daily Timeframe), making a double top pattern and a negative divergence on the RSI.
The best Trades are the ones with multiple confirmations
- Trading at a resistance (1D chart)✅
- Negative Price Action at the resistance (Double Top Pattern)✅
- RSI negative divergence✅
- Market Structure ✅
Entry Criteria
- A Red candle at the entry Line Marked
- Stoploss Above the Entry Candle
Target 1- 211$
Target 2- 208$
Keep Your Risk Reward Intact! Not An investment Advice
Transaction en cours
Look Out for a triple top if there isNote
Hope your in the tradeTook the trade a little early at 216 levels SL above entry candle
Al move my SL at breakeven so there is no downside
Am a little skeptical about today so just in case Target 3 - 205$
Trade fermée: cible de profit atteinte
All Targets Hit Great Work Everyone!!Follow For more such Trading Ideas
I only Post High Quality Trades setups and they are rare , Hence I post Relatively Less.
A thing which makes a trader is the return he makes, not the number of trades in a month.
Comment Down Below.......................... Let me know if this was skill or Luck?😉
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.