TFG showing a ton of buying signals to R112.02
Bullish Scallop formed recently on TFG.
This coincides with a breakout to the upside from the continuous downtrend.
Now that we have had a break above both, shows momentum is setting itself for more upside.
Other indicators confirm upside to come.
7>21 MA
Price<200
RSI >50
Target R112.02
SMC
Bearish FVG formed (Arrow) this is where two candles prices do not overlap with the big ones... This means, we can expect the market to move up to rebalance and achieve equilibrium (Filling the gap).
Also below the Scallop formation is a Sell Side LIquidity Order Block. Smart Monet is sweeping the selling and buying into it, pushing the price up.
This is a good probability trade to go long.
This coincides with a breakout to the upside from the continuous downtrend.
Now that we have had a break above both, shows momentum is setting itself for more upside.
Other indicators confirm upside to come.
7>21 MA
Price<200
RSI >50
Target R112.02
SMC
Bearish FVG formed (Arrow) this is where two candles prices do not overlap with the big ones... This means, we can expect the market to move up to rebalance and achieve equilibrium (Filling the gap).
Also below the Scallop formation is a Sell Side LIquidity Order Block. Smart Monet is sweeping the selling and buying into it, pushing the price up.
This is a good probability trade to go long.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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