Long
30% EDGE profit potental!
Nice opportunity to profit from EDGE.
Price has rejected the lower trendline boundary creating a nice morning star signal.
Now we are in a strong downtrend still so we do want to proceed with some caution. Therefore I recommend taking profits at the 38% fib retracement level as this could very well be a turning point. That's still a nice 17% profit!
Second level will be the upper channel coundary around 3600 (30% profit).
Entry: up to 2800
TP1: 3340
TP2: 3600
Price has rejected the lower trendline boundary creating a nice morning star signal.
Now we are in a strong downtrend still so we do want to proceed with some caution. Therefore I recommend taking profits at the 38% fib retracement level as this could very well be a turning point. That's still a nice 17% profit!
Second level will be the upper channel coundary around 3600 (30% profit).
Entry: up to 2800
TP1: 3340
TP2: 3600
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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.
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.