MOMO - TECH. PRICE ACTION ANALYSIS - POSS. BUY ZONE IDENTIFIED
Spent some time tonight looking at this one. She looks like a beauty with PLENTY of potential upside, (Should it hold current daily levels around 17.
1) I have marked what i feel are import price levels
2) catching the shift in momentum back upward here can net many potential gains
3) stop loss on this trade is pretty tight, so the risk to reward ratio is heavily on the positive side. (if stop loss is placed correctly)
Good luck and happy trading!
1) I have marked what i feel are import price levels
2) catching the shift in momentum back upward here can net many potential gains
3) stop loss on this trade is pretty tight, so the risk to reward ratio is heavily on the positive side. (if stop loss is placed correctly)
Good luck and happy trading!