Facebook S/t trade
Updated
FB is trying to form a bottom after the gap down this week.
Bullish senario: Breaks of $174 would indicate an Inverse H&S bottom with a target to return towards all time highs range c.$185
Bearish senario: a breakdown of $160 would see a push down towards previous ATH c. $155
A risk reward ratio of c.2 if you use a stop at $168
Bullish senario: Breaks of $174 would indicate an Inverse H&S bottom with a target to return towards all time highs range c.$185
Bearish senario: a breakdown of $160 would see a push down towards previous ATH c. $155
A risk reward ratio of c.2 if you use a stop at $168
Trade closed: target reached
Easy money.
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