ANF Short Idea - "Ambercombie & Fall"

29 בינו׳ 2018

Strong downtrend since 2013 got broken
Idea is that longs are trapped and so I'm expecting a pullback
Stop at 22.75
Take profit at 20.78

31 בינו׳ 2018

עסקה סגורה: היעד הושג

Target hit in first week.
Still looking to see if the downtrend breakout will indeed fail; I will definitely enter again for a continued down move if it happens.
Let's see how the price action continues to play out.
Sometimes it's good to pullback.