Facebook bearish setup
Risk to Reward idea:
Short trade: current price 161.50
Stop above 170 (for risk of 170 - 161.50 = 8.50)
Long term Target 120 (for reward of 161.50 - 120= 41.5)
Supporting analysis:
Head & Shoulders pattern
Price is below Resistance level
Price action is weak
For educational purposes only.
Short trade: current price 161.50
Stop above 170 (for risk of 170 - 161.50 = 8.50)
Long term Target 120 (for reward of 161.50 - 120= 41.5)
Supporting analysis:
Head & Shoulders pattern
Price is below Resistance level
Price action is weak
For educational purposes only.
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