Telah dikemas kini

MATIC - Great R:R Trade! 🔥

3 597
MATIC gave us a complex wave 4 and now we're at the extremes of wave 4. We have an invalidation level in place and we're almost at that level.

Taking a short entry anywhere near the blue structure will give us a great risk to reward. There's only limited space for it to move up but there's 75% raw gain to be made on the short. We're expecting wave 5 to go below wave 3 so once we pass that, we'll be looking for reversal patterns to get in on the longs.

Trade Idea:
- On lower timeframe, watch for rejection of the blue structure. This can be done via trendline breaks or BOS etc.
- Enter with stops above the blue structure
- Target the recent lows as first targets. Taper off position as we move lower

Check out TradingElements_ idea for the weekly timeframe
MATIC


Goodluck and as always, trade safe!
Nota
Boom! 35% raw gain!

syot kilat

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.