VGUARD trade ideas
VGuard Short Term ReversalThe stock is near lower trend line and took support and looks good for a reversal rally. Trade is supported by brokerage calls and swing low, major supports & 200 EMA before SL levels. Target is placed near the previous swing high with a risk reward ratio of 1:1. The trade SL is placed in such a way that even if the stock breaks down it can tack support of the previous resistance channel.
VGUARD - Retest Structure - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on weekly TF hence price may take few weeks in order to reach the first target and then for final target it may take few months as the target is big.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
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