Hey community, this seems to be a pretty sweet long trade setup in the near future
Breakdown of trade as follows:
- 1000$ Dump by Big Whales
- Now Ranging in the 9500-9700 area
- Bulls are going to take charge as bears have lost motivation to push price down
- RSI is moving up
- MACD points to bullish sentiments in the market
Setup as follows:
Limit Buy @ 9500 - 9550 (Recommend a ladder position)
Stop Loss @ 9300 (Use Trailing SL If possible or Just move SL to entry once position is in 200 pips+)
Take Profit 1 @ 9750 (Close Half Position & Move SL to the minimum profit you'd like)
Take Profit @ 9925 (Close Position & Wait for next Setup)
Share, Like & Follow if you like the above idea. Enjoy!!
Breakdown of trade as follows:
- 1000$ Dump by Big Whales
- Now Ranging in the 9500-9700 area
- Bulls are going to take charge as bears have lost motivation to push price down
- RSI is moving up
- MACD points to bullish sentiments in the market
Setup as follows:
Limit Buy @ 9500 - 9550 (Recommend a ladder position)
Stop Loss @ 9300 (Use Trailing SL If possible or Just move SL to entry once position is in 200 pips+)
Take Profit 1 @ 9750 (Close Half Position & Move SL to the minimum profit you'd like)
Take Profit @ 9925 (Close Position & Wait for next Setup)
Share, Like & Follow if you like the above idea. Enjoy!!
As mentioned, close Half Position & move your SL to you're preferred levels
Happy Profits :D