Thank you for your continued support :)
Strategy: Moving Averages Formation
Bias: Bullish. Moving averages aligned, while price had a small bounce at the 50% key level. Monthly MA crossed over the Half-yearly MA. Green candle shows pause in bearish correction.
Stop-loss: 5.28, stop-loss is a bit tight around here; please manage your RISK.
1st Target: 5.61. Area between 5.52 and 5.61 is a resistance zone; a breakout here would be favourable.
2nd Target: 5.94
The extra levels at 6.48, 7.49 shows the confluence between key Fibonacci levels and previous key price levels.
Gentle reminder: Plan your trade and trade your plan. Peace out!
Strategy: Moving Averages Formation
Bias: Bullish. Moving averages aligned, while price had a small bounce at the 50% key level. Monthly MA crossed over the Half-yearly MA. Green candle shows pause in bearish correction.
Stop-loss: 5.28, stop-loss is a bit tight around here; please manage your RISK.
1st Target: 5.61. Area between 5.52 and 5.61 is a resistance zone; a breakout here would be favourable.
2nd Target: 5.94
The extra levels at 6.48, 7.49 shows the confluence between key Fibonacci levels and previous key price levels.
Gentle reminder: Plan your trade and trade your plan. Peace out!
Note
Congrats to our members! Up to 8.41% in 15 days.1st Target: 5.61 broken with a little gap, volume spike, and a huge, long bullish candle.
Thanks for the support :)
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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.
Related publications
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.