* DON'T BE AN IDiOT AND THiNK FOR YOURSELF!
* THiS iS NOT A FiNANCiAL ADVICE!
TRADE:: ADA_01_23012021
STATUS:: Placed
TYPE:: Long
PATTERN:: Consolidation Flat
SIGNAL:: 4H MFI
FILTER:: 1H OBV Delta + Price Action
VOLUME:: $2000
ENTRY:: 0.361
TP1:: 0.43
TP2:: 0.49
SL:: 0.355
R/R:: 21
RISK:: $50
REWARD:: $400-$800
PROS::
1. 4H MFI dip down below 50 level and trying to come back above. Breakout above Reistance is a strong bullish signal
2. If the correction is over we likely to see a higher high
3. Phoenix indicator has a plenty of room for an upward pressure mid-term
CONS::
1. We may see a pullback to 0.32XX levels. I pointed price levels at the chart
2. If we have a pullback we should consider to find a better entry
OVERALL::
* We had a correction, if that's over we should continue going up
* We may have another dip to 0.32XX levels, so must be ready to buy it
* In case we do not have a dip we should place a breakout trade
* THiS iS NOT A FiNANCiAL ADVICE!
TRADE:: ADA_01_23012021
STATUS:: Placed
TYPE:: Long
PATTERN:: Consolidation Flat
SIGNAL:: 4H MFI
FILTER:: 1H OBV Delta + Price Action
VOLUME:: $2000
ENTRY:: 0.361
TP1:: 0.43
TP2:: 0.49
SL:: 0.355
R/R:: 21
RISK:: $50
REWARD:: $400-$800
PROS::
1. 4H MFI dip down below 50 level and trying to come back above. Breakout above Reistance is a strong bullish signal
2. If the correction is over we likely to see a higher high
3. Phoenix indicator has a plenty of room for an upward pressure mid-term
CONS::
1. We may see a pullback to 0.32XX levels. I pointed price levels at the chart
2. If we have a pullback we should consider to find a better entry
OVERALL::
* We had a correction, if that's over we should continue going up
* We may have another dip to 0.32XX levels, so must be ready to buy it
* In case we do not have a dip we should place a breakout trade
Comment:
My arguments for the price action to fall down to 0.32-0.31 cents level
Comment:
I've entered the trade a little bit lower using counter-trend line for a breakout trade