Shorting ANGO 3/4/2019
Entry: 23.24$ at 15:53 NY Time.
Stop Size: 0.19$
Result: R/R 1:2
Trade Idea:
Interday Reversal strategy (Powerful stock in the interday, "Healthy"
Fibonacci Retracement, Price Retracing to a resistance level, Candlestick pattern Trigger).
Tools: VWAP, EMA20, Pivot Points.
Trigger: Dark Cloud Cover Candlestick pattern on the VWAP.
Planning:
R/R Calculation: Almost 1$ Range to the low of the day, 0.19$ Stop
Potential R/R is 1:5
First Target at 1:2
Second Target: Progress Stop loss on top of every 5 minutes candle
Result: Reached 1:2 First Target, Stopped out on the first 5 minutes candle (22.99$)