#JP morgan chase would be a great buy at a certain setup. before going to half yearly Resistance let it come to the setup, I would like to trade with a defined setup with a strict stoploss.
disclaimer If Stoploss happened then take it.
If price approaches half yearly resistance and then come to the setup. then also it will be ignored.
Reasons to Short
1. Overbought - short term indicator RSI2MA2
2. In the resistance (Previous supply + 50% fib retracement)
3. Daily candle against upper BB
4. Not touching 5 SMA
Target 5 SMA SL Previous High on closing basis
Reasons to short
1. Short term overbought situation RSI2MA2 over 97
2. In the previous resistance zone
3. Candles above and not touching 5SMA
Target: 5 DSMA SL : Break above resistance
Financial sector has been strong. Want a dip to 165.5ish to get long. Can see that would be a 61.8% fib retrace of Friday’s strong action as well as some key levels from Thursday and Friday intraday.
Hello guys i had find this high RR quick trade in jp morgan it has made double top and breaking structure we can sell from here for the above sl and below support tg also do your own analysis before taking any position thank you
JP MORGAN CHASE Monthly wave Analysis.The stock is in the wave 4 which is sideways flat structure completed around 78$.The stock has potential to go up for the target of 156-180$.
I scalped jpm and i clsoed the trade with profit if 135 $
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