CVS Health Corporation
Long
Updated

CVS to Long, from 53 to 58

Existing Condition:
1. 05/17/2019 Weekly demand zone confirmed
2. in 15 min, down trendline break by breakaway Gap (G1)
3. Re-test the Gap, Gap filled.

Entry below 53.2
Stop: 51.8
Target1: 58; Risk:reward=1:3
Target2: 61; Risk:reward=1:5

If G2 (breakwayGap up) breaks the 2nd down trend line. That is a confirmation of trend reversal.
That is another entry point.

This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.

In my real trade, I use options. I bought Jun 57.5 Call, limit 3.5 (it is 3.2 now).
If stop: lose about 1.00.

Sum of my ideas: 3 active
4 winner, 1 loser, 8 cancelled, 0 pending for condition, 4 analysis only.
Trade active
I bought Jun 57.5 Call, limit 3.5
Trade closed manually
SellToOpen Jun 62.5 call limit 2.9. Removed the risk.
Today, I bought Jun C57.5/62.5 with 0.6.
Long term target is 65. let the winner run to fill the spread range.
This trade is done as winner.

Disclaimer