Hello traders, UStech is again showing bullish signs for short term highs. It could be a good set up and watching price in the shaded area is necessary, price could even extend more from the shaded region but don't make haste for the executions.
Invalidation zone doesn't describes the stop-loss but we can see multiple setups forming for bullish scenario and that is where we have to anticipate and find the proper stop-loss with less amount of risk in terms of price and also money management is necessary with any trade setup. Targets are highlighted on the chart.
Good luck everyone, safe trading! Cheers.
Note: This trade commentary is not a trade signal but only published for learning purpose.
Thanks,
Trader John play Ers
Invalidation zone doesn't describes the stop-loss but we can see multiple setups forming for bullish scenario and that is where we have to anticipate and find the proper stop-loss with less amount of risk in terms of price and also money management is necessary with any trade setup. Targets are highlighted on the chart.
Good luck everyone, safe trading! Cheers.
Note: This trade commentary is not a trade signal but only published for learning purpose.
Thanks,
Trader John play Ers
Trade active:
Trade is already active and running in good profits.