A LOT of upside on this one..Credit to Castillo Trading for this find..
34EMA on daily has rejected each pump and the 8EMA has been holding price down most of the way. Currently trending up and pushing 34EMA. Daily close above could offer upside to 89EMA, 100%+ move. Longer hold for sure, but I like the upside.
Also note the volume spikes at 34EMA when rejected so a push through would be note worthy.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. Never use just 1 indicator for confirmation.
7. Set Perimeters and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Price Action greater than Indicators/Fractals/MAs
10. Horizontals greater than Diagonals
Please Note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
