Hubert Senters here.
Let’s take a look at Moderna. Nice little covid play amidst the Delta variant that is picking up speed.
So what you’re looking for here is an ambush trade with multiple timeframe confirmations. So an ambush trade is pretty simple.
All you’re doing is you’re looking for a low and you’re looking for a high. You’re going to drawl from the low to the high. And then you’re going to get a retracement.
The one I like the best is the 50 percent to the 61.8 percent so this is the zone that I want to play with.
I want to either buy this area or sell this area. So in this case scenario we’re doing the buy area.
Two different options you can either buy once it goes into that zone or you can buy on the way out.
And it really depends on kind of how you’re risk profiles and how I like to do is I’ll confirm it with a little bit timeframe.
We’ve already had the first test where you’ve had an hourly. Go above here. So now I’m just looking for the second one.
So I’m going to need a close in the future here around $426. Let me see if that goes into my homework. $426 will be above.
I want to do is to buy above a trade going $383. The stop would obviously be the low of that bar which is around. Stop would be $349.
Entry will be as it goes through $383 and then I’ll be targeting those most recent highs after it clears $423 so. Initial long through $383. Stop $349. Target one $423. Target two $496.
Trade Thirsty is doing a multispeaker event on Fall Market Opportunities Are Fire: Swing Trading & Crypto Setups Revealed.
Here are the list of your speakers and what we will be covering. I’m going to HYPERLINK you to the registration page.
All you’re going to do is click this orange-ish button. Knock yourself out.
Good luck. Hope it helps. See you on the next video.
Hubert.
