The daily chart shows that price is at the 21 EMA
which is likely to act as support.
And on the hourly chart, price is coming to test
a support level around 335. Today, just printed
two low volume sell bars near that the 335 support
level.
A good entry price would be between 335-336. I would
place my stop at 332.60 and my profit target at 342. I think
it could go past 342 but it would depend on how the next 10-15
bars look. 342 still gives you a decent risk reward ratio.
(Note: This is not a trade I'm personally taking right now
because I have other trades going on but this is a logical
and compelling long to take.)
which is likely to act as support.
And on the hourly chart, price is coming to test
a support level around 335. Today, just printed
two low volume sell bars near that the 335 support
level.
A good entry price would be between 335-336. I would
place my stop at 332.60 and my profit target at 342. I think
it could go past 342 but it would depend on how the next 10-15
bars look. 342 still gives you a decent risk reward ratio.
(Note: This is not a trade I'm personally taking right now
because I have other trades going on but this is a logical
and compelling long to take.)
Note
In the overnight price dropped a bit. I would enter at or around 333 and put mystop at 331. Target price of 342 still the same.
Trade fermée: ordre d’arrêt atteint
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.