🔴 Short $AVGO: entry zone 361.31, stop loss 364.20, tp 356.84 (1:1.55)
After a 5% leg down in 2 days, AVGO spent a long while drifting back up. It took a while, but price is back at the high that launched the move (362.36). It poked over 362.36 by about 3.3% of the move, grabbed the stops and got pushed right back down. The close back under 362.36 is what I wanted. Entry around 361.31, stop 364.20 (0.8% away), target 356.84. That is about 1:1.55.
After a 5% leg down in 2 days, AVGO spent a long while drifting back up. It took a while, but price is back at the high that launched the move (362.36). It poked over 362.36 by about 3.3% of the move, grabbed the stops and got pushed right back down. The close back under 362.36 is what I wanted. Entry around 361.31, stop 364.20 (0.8% away), target 356.84. That is about 1:1.55.
