Looking at a long if we break above Fridays close.
We have seen a large amount of volume at this area which has 2 major confluence areas. The first being the support level, the second being the 200ma. Price opened below but failed to stay below and completely engulfed Thursdays candle.
The first TP will be 180 the second will be 200. Looking to run a tight stop on this as any movement below the 200ma and support level would be a bearish move.
We have seen a large amount of volume at this area which has 2 major confluence areas. The first being the support level, the second being the 200ma. Price opened below but failed to stay below and completely engulfed Thursdays candle.
The first TP will be 180 the second will be 200. Looking to run a tight stop on this as any movement below the 200ma and support level would be a bearish move.
Trade active:
Closed first trade out at 182. 📈👍🏻