MUDAJYA: Breakout Above Yearly-MA Line, Reversal of Trend?
Updated
Thank you for your continued support :)
Strategy: Moving Averages Formation
Bias: Bullish. Moving averages aligned. Breakout with retracement at key fibonacci level.
Stop-loss: The region between 0.365 and 0.385 as resistance becomes support, but volatility causes price to have candle shadows/wicks that violate into this region.
1st Target: 0.445
2nd Target: 0.540
Gentle reminder: Plan your trade and trade your plan. Peace out!
Strategy: Moving Averages Formation
Bias: Bullish. Moving averages aligned. Breakout with retracement at key fibonacci level.
Stop-loss: The region between 0.365 and 0.385 as resistance becomes support, but volatility causes price to have candle shadows/wicks that violate into this region.
1st Target: 0.445
2nd Target: 0.540
Gentle reminder: Plan your trade and trade your plan. Peace out!
Note
Up to 22.08% gain from 0.385 to the high of 0.470, reaching our first target; congrats to those who profited :)Price closed at exactly the first target of 0.445, let's see how the trend will play out. Peace!
Trade closed: target reached
Congrats to our members! Total of 41.56% in 14 days.Reached 2nd target: 0.54
Thanks for the support :)
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.