Long $WABIBTC. 1D MA50 is about to cross MA200. Good probabilities for the uptrend to continue or even to speed-up leading to potentially an impulse wave 3.
Conservative target is next resistance as determined by daily DC20 - below 4497.
IF an impulse wave 3 may develop a target of further next major resistance (10200-10600 zone - slightly below) may be achieved.
SL IF daily closes below MA50, MA200 and DC20.
Any comments are more than welcomed! Thank you and please trade carefully and with money you can afford to lose.
Conservative target is next resistance as determined by daily DC20 - below 4497.
IF an impulse wave 3 may develop a target of further next major resistance (10200-10600 zone - slightly below) may be achieved.
SL IF daily closes below MA50, MA200 and DC20.
Any comments are more than welcomed! Thank you and please trade carefully and with money you can afford to lose.
Trade active
Comment:
Whilst anything can happen 4H turns bullish in my view.
Comment:
Here it goes - short term sentiment can change in a dime and has turned to bearish quickly. 1D TF outlook has certainly not been invalidated. IF it went in long's favor it would just require patience. IF it were going against favor (and this may take few days or even weeks to evolve) the trade would need to be closed as defined at entry by the SL criteria.