10emaX50sma + flag + bullish MACD + Double Bottom
The 10ema has finally crossed the 50sma on the daily (my favorite buy n hold signal)
This is the setup:
Trigger: 74.81
Stop: 72.86
Target: 82.68
R:R - 4:1
I want a pull back to 74.81 to trigger me in and then I want two things to happen:
1. 74.50 to hold support
2. 50sma to hold support so that so that no candles close below it
I really like that the volume on this pullback has closed below the volume moving average as well
This is the setup:
Trigger: 74.81
Stop: 72.86
Target: 82.68
R:R - 4:1
I want a pull back to 74.81 to trigger me in and then I want two things to happen:
1. 74.50 to hold support
2. 50sma to hold support so that so that no candles close below it
I really like that the volume on this pullback has closed below the volume moving average as well
Trade closed manually:
74.50 broke and closed below 50sma all in same day. The downslide was caused by a trump speech either before or after Obama speech. May be more downside after inauguration.