Asset: Brookfield Asset Management (BAM)
Timeframe: 30-Min Chart
Setup Type: Bearish Breakdown Trade
Trade Plan (Short Position)
Entry Zone: Below $46.71 (Breakdown Confirmation)
Stop-Loss (SL): Above $48.00 (Invalidation Level)
Take Profit Targets:
TP1: $44.89 (First Support Level)
TP2: $42.84 (Extended Bearish Move)
Risk-Reward Ratio Calculation
Risk (SL Distance): $48.00 – $46.71 = $1.29 per unit
Reward to TP1: $46.71 – $44.89 = $1.82 (1:1.41 R/R)
Reward to TP2: $46.71 – $42.84 = $3.87 (1:3.00 R/R)
Favorable Risk-Reward Setup – Targeting a 1:3.00 R/R at TP2.
Technical Analysis & Strategy
Bearish Descending Triangle Breakdown – Price broke below the trendline, indicating further downside potential.
Weak Buying Pressure – Struggling to hold above $46.71, signaling seller dominance.
Volume Confirmation Needed – A strong sell volume spike below $46.71 confirms momentum shift.
Momentum Shift Expected – Breakdown could lead to $44.89, then extend to $42.84.
Key Resistance & Support Levels
$48.00 – Stop-Loss / Resistance Level
🟡 $46.71 – Breakdown Level / Short Entry
$44.89 – First Target / TP1
🟢 $42.84 – Final Target / TP2
Trade Execution & Risk Management
Volume Confirmation – Ensure strong selling pressure before entry.
Trailing Stop Strategy – Move SL to breakeven ($46.71) after hitting TP1 ($44.89).
Partial Profit Booking Strategy:
Take 50% profits at $44.89, let the rest run to $42.84.
Adjust SL to breakeven ($46.71) after TP1 is hit.
️ Fake Breakdown Risk
If price moves back above $46.71, exit early to limit losses.
Wait for a strong bearish candle close below $46.71 before an aggressive entry.
Final Thoughts
Bearish Setup Confirmed – Breakdown signals further downside potential.
Momentum Shift Expected – Watch for volume confirmation.
Favorable Risk-Reward Ratio – 1:3.00 R/R at TP2 makes this a high-quality trade.
Stick to the plan, manage risk, and trade smart!
#ProfittoPath | #TechnicalAnalysis | #SmartTrading | #ShortTrade | #RiskManagement ️