KGW, 1D - Analysis on price movementY wave, target (E) within stipulated time.
Price has crossed down up Kumo which shows strong selling pressure is in position. Nearest resistance is Senko span B and Tenkan sen.
S - 0.19
Need strong momentum with high volume to push price upward but need to breakout 52w high (0.295) to reach price target (E).
Note:
1. Analysis for education purposes only.
2. Trade at your own risk
KGW trade ideas
KGWAlgo TradingSystem by Remisier CheDin
The current market conditions, as identified by my algorithmic system, indicate potential upward signals. These signals include increased trading volume, an upward trend with prices above the EMA20 and EMA50. Consequently, the present conditions suggest a possible upward trend.
It's crucial to remember that trading strategies account for only 10-20% of your overall trading success. The majority of your success depends on effective risk management. This involves having a well-defined trading plan and appropriate position sizing, which are essential for maintaining the right trading psychology. Master your risk management and trade according to your plan.