SerenaAadms
Long

MTSE Buy signal following bullish trend

BME:MTS   ARCELORMITTAL SA
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4
#A-MTS afternoon Comment: Following a higher surge during the EU session this morning. with the pair gained nearly 21 cent. The #A-MTS pair continue's to move up in a strong BULLISH trend as it did for past - days ( view Daily chart above ).

On the other hand. #A-MTS is holding well above the long term 200 days simple moving average (that's why we don’t recommend any short trades on the #A-MTS for the coming days). The 50 and the 20 days simple moving averages are also confirming continuation of the well establish BULLISH trend .

CONCLUSION: As per above general BULLISH trend ; Only Long trades to be considered following completion of any counter trend falling correction on the 30-minute chart. (Note: This conclusion is only valid as long as price is holding above the 200 periods simple moving (red dotted line) average the on the 30-M chart ). For the final Long entry signal please watch for the coming vertical Key Time Reversal Zone on the 30M chart (as presented on 30M chart below)

(c) This pair review has been published by TFF ( TM ) Forex Scanner Analysis team https://trendfollowingformula.com on Monday 2016.07.25 14:01:12 ( GMT ).
Jul 27
Trade closed: target reached: This trade has been selected using http://trendfollowingformula.com
Jul 27
Comment: 28 cents in 2 days. 5..26%

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