NANO Trade Setup & Entry

NANO offers an objective short entry here following the backtest of this recent broken uptrend line & divergent high.

NANO daily August 24

NANO daily August 24th

While the current final target, T2 is 18.79, an additional price target around the 17.00 support level is likely to be added depending on how the semiconductor equipment sector as well as the broad market trade going forward. As such, I'm allowing a fairly liberal suggested stop of any move above 21.91 although those only targeting T1 or T2 might consider a more aggressive stop, using an R/R of 3:1 or better to you preferred price target.

2017-03-08T21:19:33+00:00 Aug 24, 2016 11:14am|Categories: Completed Trades - Short|Tags: |Comments Off on NANO Trade Setup & Entry