MFT - Retracement Before another leg up
Updated
MFT Has just broken downtrend + sideways movement with a nice burst of volume confirming trend.
High Rsi and Stoch shows us a retracement in play where we can re enter and join the bullish flow of volume to profit.
Entry - 260-270
Targets:
305
335
365
Stop Loss: 245
High Rsi and Stoch shows us a retracement in play where we can re enter and join the bullish flow of volume to profit.
Entry - 260-270
Targets:
305
335
365
Stop Loss: 245
Trade closed: target reached
Unfortunately it did not hit our buy area, i saw it hold 285 strong but did not want to prematurely enter. Maybe the right play was to ladder buys at 285 270 and 260 and atleast enter the trade with a small amount at high buy. Nonetheless congrats to those who bought all targets Hit :). Trade Closed
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