Posted by Tom C.
PRU was an interesting setup. It was a little higher-risk as I would have rather seen it bounce off the 50% retracement rather than close below and then - on the next bar - close back above it.
Nonetheless, I liked the bounce off the 8EMA, and the gap and move up during the opening 30-minutes.
I entered on a break of the 7th bar high (lower yellow arrow), and sold when price stalled at the halfway point to the FE (upper yellow arrow).
Trading 27-April-2016 (+ $66)
22 hours ago