Trading Fam,
Got another long signal from my indicator. This one on PayPal. The signal was given on the 25th of Nov.. You will see that a large buy-side liquidity block has formed in this price region. Buyers have confirmed with volume.
I’m in at 61.90 with a target of 68, the convergence of the VRVP PoC and the 200 SMA. We do have some upside resistance with that 50 SMA above. I may choose to sell half in that area, as we will also have filled a gap at that point. I’ve set my stops at 59 for a 1:2 rrr.
Last time we traded PYPL a few months ago, we did well, pulling as much as 12% profit from the trade. In this trade, we’re shooting for another 10%. Let’s go!
✌️Stew