Strategy: ICI
Strong impulse off the lows of 4000. 3 strong bullish candles followed by a healthy retracement past the 38.2%.
Respected the 10 & 20 day moving averages + the volume shelf at 4350.
Resistance ahead! it needs to clear the 50 day MA with strength. Then more resistance at 4535.
A strong finish to the week will compliment the trade idea.
Profit Targets:
1st Target - 4700
2nd Target - 4883
3rd Target - 5120
Strong impulse off the lows of 4000. 3 strong bullish candles followed by a healthy retracement past the 38.2%.
Respected the 10 & 20 day moving averages + the volume shelf at 4350.
Resistance ahead! it needs to clear the 50 day MA with strength. Then more resistance at 4535.
A strong finish to the week will compliment the trade idea.
Profit Targets:
1st Target - 4700
2nd Target - 4883
3rd Target - 5120
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.