YUMC 10/1/2023
YUMC
YUM!
After running into major resistance level between Mar.’23 – May ’23, price has formed a Downtrend channel.
The 1st entry short entry was July’23. Price found itself at resistance level of channel with “over-bought” Stochastic reading. See #1.
Price now finds itself again at the channel’s resistance level with an “over-sold” stochastic reading. See #2. This is my que to enter trade short.
Entering trade short.
Entry: 55.72
Stop Loss: 58.72, -5.38%
Target #1: 48.20, +13.5%, 2.51 RR ratio
Target #2: 38.67, +30.6%, 5.68 RR ratio
YUM!
After running into major resistance level between Mar.’23 – May ’23, price has formed a Downtrend channel.
The 1st entry short entry was July’23. Price found itself at resistance level of channel with “over-bought” Stochastic reading. See #1.
Price now finds itself again at the channel’s resistance level with an “over-sold” stochastic reading. See #2. This is my que to enter trade short.
Entering trade short.
Entry: 55.72
Stop Loss: 58.72, -5.38%
Target #1: 48.20, +13.5%, 2.51 RR ratio
Target #2: 38.67, +30.6%, 5.68 RR ratio
Note
Love that after hour price action!Trade fermée: cible de profit atteinte
Target #1 reached and then someTarget #1: 42.96, +22.90%, 4.25 RR ratio
Transaction en cours
trade still active for target #2Target #2: 38.67, +30.6%, 5.68 RR ratio
Trade fermée: cible de profit atteinte
Target #2: 38.67, +30.6%, 5.68 RR ratio
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.