COTY - This one seems like it might have finished wave e of (iv) so we can therefore look to buy and hold towards 9.55 at first as long as price remains above 6.5.
Risk-reward is good so I see no reason to not be involved in this one.
Risk-reward is good so I see no reason to not be involved in this one.
Note
Buying at current level with a small 5% stop Note
Still holding for now. A crossover on the MACD on the 65min chart would be a great bullish sign.
A move above 6.85/6.95 zone would also be a very encouraging confirmation that the consolidation has come to an end.
Note
Stop hit sadly, no harm done. Looking for new setups now.
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Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.