ThinkingAntsOk

Stock of the Day / CGC

Long
NYSE:CGC   None
Today we have a long setup to share. As we are used to we will start by sharing the Macro view and then we will explain the 4hs chart

a) Weekly Chart: The price bounced from a clear Support / Resistance level tested from both sides

b) On the 4HS chart we can see a broken descending trendline + a clear corrective structure supported on the weekly level

c) The corrective structure is an ABC pattern which is considered a continuation structure

d) We have set our Orders as you can see on the chart. We will move our stop loss to break-even when the price reaches the yellow horizontal line

e) On this setup we will risk 1% of our capital and we expect to win 1.8%

f) We will cancel the setup IF the price goes below C

g) Remember: Trade safe, protect your capital, and always understand what you are doing!

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.