Bearish Engulfing at Death Zone !

13. Jan. 2017

The stock is forming bearish Engulfing at .786 Fibonacci level. I would trade it at this level for a short term gain hoping the retracement : risking 10 points and looking for a reward of 12 only as there is nearby support. Risk to reward is not lucrative but mostly such setup reward the small profit.

16. Jan. 2017

Trade geschlossen: Stop wurde erreicht