Welcome to our Weekly V2-Trade Setup ( MA ) !
-
4 HOUR
Bullish market closure!
DAILY
Expecting more upside after a small pullback.
WEEKLY
Great long entries, following midterm trend.
-
STOCK SETUP
BUY MA
ENTRY LEVEL @ 352.97
SL @ 338.87
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like...
Setup working just as planned. Opened today above demand, quick dip down to demand, then a nice rally for 10+ points! Possible little pullback around 273 to watch for next potential entry.
I like the retrace into demand with MA here and think we can head higher and push towards 290+. I think this current demand zone will hold and provide a good base for it to rally. Not much supply after the initial supply zone that was tested today (well there is some).
I’ll watch for a move back up into supply and if we can clear today’s high, don’t think there...
MA is approaching our first resistance at 205.38 (horizontal swing high resistance (Horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 193.51 (horizontal overlap support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also...
