Let’s take a look at VIR. So, it’s setting up to be a potential long. What I’m looking at here is a trade setup I like to take a lot myself. In my opinion, one day above the cloud is an aggressive signal, two days is moderate, and three would be conservative. There is a one day buy signal on VIR and the ADX is almost trending at 18.27. If we zoom in, we can see the ADX is trying to climb toward 20.
I’m looking at a potential 50% retracement from its most recent swing. It will be a potential long at 35.55 with a stop loss of whatever you feel comfortable with (I would suggest at least 2 or 3 points). Then the target would be 40-43.
Good luck, hope it helps. I’ll see you on the next video.
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