ANF Short Idea - "Ambercombie & Fall"
Updated
Strong downtrend since 2013 got broken
Idea is that longs are trapped and so I'm expecting a pullback
Stop at 22.75
Take profit at 20.78
Idea is that longs are trapped and so I'm expecting a pullback
Stop at 22.75
Take profit at 20.78
Trade closed: target reached
Target hit in first week. Still looking to see if the downtrend breakout will indeed fail; I will definitely enter again for a continued down move if it happens.
Let's see how the price action continues to play out.
Sometimes it's good to pullback.
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