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Trade Call – AES Corp (AES) – 29-Oct-2019

Updated: Dec 23, 2019

AES has a trade setup for swing short trade.


The daily chart shows a ballistic move up, running close to a massive supply zone, from where a big drop originated on 2nd August.


On 2H chart, we see the details of entry, stop and exit as below. The entry will be at the marked supply zone just above 17.20. The market came close to this area but has not entered yet. There is a decent demand zone near 16.40, which gives us sufficient reward to risk.



Trade Setup-


Entry (Limit Order): 17.24

Stop: 17:42

Target 1 : 16:84

Target 2 : 16:48

We shall post updates once the trade triggers.


Disclaimer – This is not a trading recommendation. Please refer to our full disclaimer text.