I'm entering a long position in FNGD today at market open using 60% of my equity.
Why: RSI momentum positive. RSI about to cross 55. I consider he path between 55 and 70 an ideal long. FNGD is sitting on 8,13 and 21 period EMAs providing possible support.
Stop Loss: 4% Will move up manually is it goes in my favor.
Risks: There's a FVG area aroun $3.78 Price might pullback down there putting me in drawdown. I've decided not to wait for this pullback as I beleive there is enough momentum in the open.
Additional thoughts: NQ Futures seem overbought on short timeframes suggesting a swing to the downside in the morning.
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