ORMP (ORAMED PHARMACEUTICALS Inc.) - False Break
Market structure: Uptrend, price might retest previous resistance turn support
Setup: False Break/ Retest previous resistance turn support
False Break candlestick pattern: Hammer / Bullish engulfing
To look for trading opportunities when price retest previous resistance turn support at around 14.40 area.
Stop loss: 1 ATR stop loss taking reference from the retest
Take profit: Swing High around 23.00 area
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Setup: False Break/ Retest previous resistance turn support
False Break candlestick pattern: Hammer / Bullish engulfing
To look for trading opportunities when price retest previous resistance turn support at around 14.40 area.
Stop loss: 1 ATR stop loss taking reference from the retest
Take profit: Swing High around 23.00 area
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Komentar:
False break occur
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