GXO 2/11/2022
GXO
Enjoyed a nice uptrend between August 2021 – December 2021
Price has made attempts to bounce back up but continues to make series of lower highs.
The lower highs have now made a down trendline acting as resistance
Price is currently at trendline and under 50ema
Yesterday we had a gravestone doji at resistance. This is my que to enter short trade
Entry: 85.27
Stop loss: 92.55
Target : 73.76 – RR ration 1.58
Enjoyed a nice uptrend between August 2021 – December 2021
Price has made attempts to bounce back up but continues to make series of lower highs.
The lower highs have now made a down trendline acting as resistance
Price is currently at trendline and under 50ema
Yesterday we had a gravestone doji at resistance. This is my que to enter short trade
Entry: 85.27
Stop loss: 92.55
Target : 73.76 – RR ration 1.58
Trade closed: target reached
Exit: 73.76 – +13.50% RR ratio 1.58
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