TFUEL - Trade Set-up
Updated
Price consolidating for almost 2 months.
Breaking above this range and now price is trying for trend resumption.
Market Cycle for this is, Bull Trend > Range Extended > Breakout above Range > Breakout Pullback > Possible Bull Trend Resumption.
I am looking to buy on the dip. Seeing a 4H channel for a lower entry.
Maths for the Trade is good. 18% Risk vs 65% Reward.
Breaking above this range and now price is trying for trend resumption.
Market Cycle for this is, Bull Trend > Range Extended > Breakout above Range > Breakout Pullback > Possible Bull Trend Resumption.
I am looking to buy on the dip. Seeing a 4H channel for a lower entry.
Maths for the Trade is good. 18% Risk vs 65% Reward.
Note
Taking Entry from 10175. Expecting to get filled in the Dip. Trade Set-up
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