PYPL - Short Position

31 Ağu 2022

After failing to break above the supply zone around the 95.5 range, and also breaking below the pennant formed, I established a short position on PYPL. My target here is around 92.2 to fill the gap created today. I have established a well-sized position and will be looking from now on, won't be adding as I don't want my cost basis to be affected. This looks like a great setup; however, I have​ some hedges in place just in case things go south.