Looks like Neo is at the bottom of the downtrend channel and could be lining up for a countercyclical long move. If you missed the bottom buy, wait for the breakout at $74 and look to take profit at $87 and $110. We shouldn't trade below $57.
This is a countercyclical trade, and with that comes significantly more risk; EMA50 is below the EMA200. Those moving averages will act as support/resistance.
Remember the 1,2,3 strategy we use and keep your eyes on the 4HR (you don't need to get into the lower timeframes).
This is a countercyclical trade, and with that comes significantly more risk; EMA50 is below the EMA200. Those moving averages will act as support/resistance.
Remember the 1,2,3 strategy we use and keep your eyes on the 4HR (you don't need to get into the lower timeframes).
Trade active
Trade closed: stop reached:
At entry :(
Comment:
Ok, we are at the support level, let's see if this holds and can cross the confirmation line to the upside so we can get our long entry ;)
Order cancelled:
Looks like we need a shorting idea!
Maybe this is another long opportunity?