📊 Golden Cross & Harami Candle Strategy - Trade Setup 📊
In this setup, we're working with a Golden Cross strategy where the 50 SMA crosses above the 200 SMA, signaling bullish momentum. Right now, price action is in the middle of a Harami candle, indicating potential consolidation before the next move.
🎯 Plan:
Waiting for a pullback into the first demand zone, aligning with the 200 SMA.
Looking for a bounce from this level to confirm support.
Targeting a move back to the previous high for potential profit-taking.
⚠️ Key Levels:
Support: Demand zones near the 200 SMA.
Resistance: Previous highs marked on the chart.
Patience is key! Let’s see if the market respects this setup. 🚀📈
In this setup, we're working with a Golden Cross strategy where the 50 SMA crosses above the 200 SMA, signaling bullish momentum. Right now, price action is in the middle of a Harami candle, indicating potential consolidation before the next move.
🎯 Plan:
Waiting for a pullback into the first demand zone, aligning with the 200 SMA.
Looking for a bounce from this level to confirm support.
Targeting a move back to the previous high for potential profit-taking.
⚠️ Key Levels:
Support: Demand zones near the 200 SMA.
Resistance: Previous highs marked on the chart.
Patience is key! Let’s see if the market respects this setup. 🚀📈
Trade closed: target reached
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.