stronger with high volume after consolidation
Updated
[13 Nov 2020]
1. RZI looks good with good volume.
2. Has been consolidating for a while between 0.70 and 0.73 zone. which is very healthy sign.
3. Bulls are trying to take over, pushing the price up with force to high volume trade zone at $0.865 range.
4. Over all trend is up with confirmation.
5. Good buying position is 0.800
6. I think the first take profit should be as below:
a. Fib level 0.786 at $0.845
b. Fib level 1 at $0.990
Note: Please note these are my notes for my own future reference. By no means trading advise to anyone. Please do your own research before entering into any trade.
1. RZI looks good with good volume.
2. Has been consolidating for a while between 0.70 and 0.73 zone. which is very healthy sign.
3. Bulls are trying to take over, pushing the price up with force to high volume trade zone at $0.865 range.
4. Over all trend is up with confirmation.
5. Good buying position is 0.800
6. I think the first take profit should be as below:
a. Fib level 0.786 at $0.845
b. Fib level 1 at $0.990
Note: Please note these are my notes for my own future reference. By no means trading advise to anyone. Please do your own research before entering into any trade.
Trade active
TP-1: 76% at 0.904.TP-2: Target 0.95 for remaining 35
Trade closed: target reached
target reached.
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