Long
OMG/USD - Possible new trade alert - April 15, 2021
After a considerable drop in price, OMG pierced through the support region at around USD 9.11, but a strong bullish engolfing pattern seems to be emerging on the 4h time-frame. There is not a lot of volume however, as it should be expected in an optimal scenario. RSI looks good enough, specially considering previous time-frames.
I will be awaiting for a confirmation signal or an increase of volume prior to enter my trade, which will have the following parameters:
Entry: 9.4775
TP: 10.5061
SL: 9.1346
risk/reward ratio: 3:1
Disclaimer: I am not a professional trader.
I will be awaiting for a confirmation signal or an increase of volume prior to enter my trade, which will have the following parameters:
Entry: 9.4775
TP: 10.5061
SL: 9.1346
risk/reward ratio: 3:1
Disclaimer: I am not a professional trader.
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.
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.