PYPL 25-08-2021 Long
Asset and Time frame -PYPL, Daily
Entry Price -277.50
Exit(Stop Loss) -267.81
Exit(Take Profit) -321.93
Technical Analysis - Similar to my last PayPal trade, the price is going in an up-trending channel for a long time, with multiple confirmation touches, we have the 100MA as secondary support for the price beside the channel, it looks like the price is trying to make a higher high, the only downside I see here is the 4-hour chart which doesn't seem very bullish(candle sizes are pretty small) and the 4 hour MA as resistance.
Entry Price -277.50
Exit(Stop Loss) -267.81
Exit(Take Profit) -321.93
Technical Analysis - Similar to my last PayPal trade, the price is going in an up-trending channel for a long time, with multiple confirmation touches, we have the 100MA as secondary support for the price beside the channel, it looks like the price is trying to make a higher high, the only downside I see here is the 4-hour chart which doesn't seem very bullish(candle sizes are pretty small) and the 4 hour MA as resistance.
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