#AGRO - 1H Timeframe- Warming Up engines for lift off.
Updated
MA200 Breakout ✓
*Long Term downtrend Breakout.✓
*Small resistance Breakout. ✓
*Little pullback above the new support. Strength approved. ✓
Double supports to set up our stop losses. Just wait one day more until open long position.
*Long Term downtrend Breakout.✓
*Small resistance Breakout. ✓
*Little pullback above the new support. Strength approved. ✓
Double supports to set up our stop losses. Just wait one day more until open long position.
Order cancelled
Rise on COVID-19 cases around the world and uncertainties about US election smashed hard all equities last week. Even though 4.90 support showed strong for a couple of days, AGRO was dragged by the bears forces and our stop loss was trigger. TRADING: CANCELLED.
Lesson: Although nobody likes to close a position with losses, we had a reminder that setup an objective stop loss prevent us from bigger losses.
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