3 Long scenarios
Fundamentals
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General
One scenario developing doenst invalidate the other. Would trade one after another if it should happen - or all at the same time.
Scenario 1 (Green arrow)
Target
Next resistance level (level 1).
Confluence with the 50% level of a monthly range.
Requirements
- Price closes above buy zone 1
...
Overview
Looking to take a long position if price should move as shown with the orange arrow - where i would enter the long on a retest of the blue line.
Target is based on a weekly level.
Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or...
Uptrend Corridor bounce with target price set at resistance bounce.
- 3-month Uptrend
- RSI and STOCH above 50
- MACD above Signal
Suggested Entry $14.86
Suggested Stop Loss $14.53
Target price $16.81
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as...
