#AGRO - 1H Timeframe- Warming Up engines for lift off.

MA200 Breakout ✓

Long Term downtrend Breakout.✓

Small resistance Breakout. ✓

Little pullback above the new support. Strength approved. ✓

Double supports to set up our stop losses. Just wait one day more until open long position.

Orden cancelada:

Rise on COVID-19 cases around the world and uncertainties about US election smashed hard all equities last week. Even though 4.90 support showed strong for a couple of days, AGRO was dragged by the bears forces and our stop loss was trigger.

TRADING: CANCELLED.

Lesson: Although nobody likes to close a position with losses, we had a reminder that setup an objective stop loss prevent us from bigger losses.