Hello everyone,
FRGT has been setting up quite nicely since a long time.
Looking at the chart on 4HR timeframe, it has setup a Cup & Handle pattern. It even broke the cup resistance line at 0.5292 and closed the price above on the daily at 0.5599. This is a bullish indicator.
Entries can be made based on how the next candle runs. If you'd like to enter now, I'd have a tight stop loss at around 0.47.
Target levels are :
Target 1: 0.6037
Target 2: 0.7062
Target 3: 0.8087
Target 4: 1.36 (being hopeful here.)
Note: Scale out as it goes up.
Stop-Loss: 0.47
Do your own research before trading. Please like if you agree or comment if you have any questions.
Happy trading!
FRGT has been setting up quite nicely since a long time.
Looking at the chart on 4HR timeframe, it has setup a Cup & Handle pattern. It even broke the cup resistance line at 0.5292 and closed the price above on the daily at 0.5599. This is a bullish indicator.
Entries can be made based on how the next candle runs. If you'd like to enter now, I'd have a tight stop loss at around 0.47.
Target levels are :
Target 1: 0.6037
Target 2: 0.7062
Target 3: 0.8087
Target 4: 1.36 (being hopeful here.)
Note: Scale out as it goes up.
Stop-Loss: 0.47
Do your own research before trading. Please like if you agree or comment if you have any questions.
Happy trading!
Make sure to scale some out.