Gravatar

Shared by
VadimT7

 

CLSN

Feb 22, 2021 13:57


Tags:


First entry:
-Don't take the trade as it's already at the previous resistance.
- Price failed to break the 3.2 resistance + with a gravestone Doji on very high volume => No trade criteria.

Second entry:
- Dangerous entry after the double top, bounced on the 50 Fib of the most major trend of the day = very strong support level. A bounce on that major-trend Fib level is always significant. Don't take the trade as the outlook is bearish after failing to break the previous high.


Trade Criteria: No Consecutive or Evident Volume Anomalies


Better opportunity:
- Buy on the trendline at the bottom (especially if it's aligned with VWAP or one of the Fibs or other confluence areas) for a low-risk trade with the stop-loss a few cents below the trendline.


Execution detail:

Date/time Symbol Side Price Position
2021-02-22 13:57:14 CLSN buy $3.150 long
2021-02-22 14:00:00 CLSN sell $3.080 0
2021-02-22 14:09:25 CLSN buy $3.005 long
2021-02-22 14:09:46 CLSN sell $2.970 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in