Technical Analysis
Price maintain above MA50
Small triangle is formed.
MACD not yet buy signal.
RSI is above 50 show some strength in the price.
ADX is not yet buy signal.
Trading plan:
TAANN
Buy price: 3.400 - 3.420
Cut loss price: 3.260 and below
Cut loss percentage: below 5%
Possible take profit: 4.270
Risk to reward: 5.31
Notes:
The oscillator might not shown buy signal yet. But I don't rely much on oscillator in my trade.
Due to bad market condition, the price might only move slowly.
Disclaimer:
This is not a buy call. Only sharing of idea.
Price maintain above MA50
Small triangle is formed.
MACD not yet buy signal.
RSI is above 50 show some strength in the price.
ADX is not yet buy signal.
Trading plan:
TAANN
Buy price: 3.400 - 3.420
Cut loss price: 3.260 and below
Cut loss percentage: below 5%
Possible take profit: 4.270
Risk to reward: 5.31
Notes:
The oscillator might not shown buy signal yet. But I don't rely much on oscillator in my trade.
Due to bad market condition, the price might only move slowly.
Disclaimer:
This is not a buy call. Only sharing of idea.
Trade closed: target reached:
Hit TP 24.85%