Amazon : Bullish divergence with long wick
Amazon ( AMZN) shows a bullish div on EFI, MACD-H. DMI shows +DI is ticking up slowly. Daily impulse is yellow (neutral).
This allows me to take the trade. I do see a kangaroo tail on the daily as well, with a good break of the back of the bear.
Looking at the 4H timeframe, I will try to enter around 1731. I clumsily was too late at and missed the 1725 opportunity.
Stoploss has been placed in the lower area of the kangaroo tail on the 4H timeframe at 1695.52
I'm looking to exit in the projected target zone, but will decide where and when while the trade develops.
Target area is between 1790 to 1850.
I have defined two target zones, and will decide if I get out there, or will stay and go for target zone 2. This depends on how the trade develops (power, volume, signs of weakness)
R/R Ratio: 1:1.8 / 2.5
4H timeframe:
This allows me to take the trade. I do see a kangaroo tail on the daily as well, with a good break of the back of the bear.
Looking at the 4H timeframe, I will try to enter around 1731. I clumsily was too late at and missed the 1725 opportunity.
Stoploss has been placed in the lower area of the kangaroo tail on the 4H timeframe at 1695.52
I'm looking to exit in the projected target zone, but will decide where and when while the trade develops.
Target area is between 1790 to 1850.
I have defined two target zones, and will decide if I get out there, or will stay and go for target zone 2. This depends on how the trade develops (power, volume, signs of weakness)
R/R Ratio: 1:1.8 / 2.5
4H timeframe:
Dagangan ditutup: sasaran tercapai
Target has been reached, a bit disappointingly just the bottom of the zone. Exited Amazon.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.