Evening Traders,
Today’s analysis – FGG- trading towards a key location where a bullish reaction is highly probable,
Points to consider,
- Price action impulsive
- Local S/R support
- 200 Dynamic S/R support
- Oscillators bullish control zone
- Declining Volume
FGG’s immediate price action is impulsive, establishing a new swing high, currently trading towards the Local S/R where a bounce is probable.
Both the RSI and Stochastics are trading in their respective bullish control zones, remaining in these regions will be indicative of strength.
The current volume profile is decline, an influx is highly probable when price action reaches a key trade location.
Overall, in my opinion, FGG is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
‘’No one strategy is correct all the time’’.- John Paulson
Today’s analysis – FGG- trading towards a key location where a bullish reaction is highly probable,
Points to consider,
- Price action impulsive
- Local S/R support
- 200 Dynamic S/R support
- Oscillators bullish control zone
- Declining Volume
FGG’s immediate price action is impulsive, establishing a new swing high, currently trading towards the Local S/R where a bounce is probable.
Both the RSI and Stochastics are trading in their respective bullish control zones, remaining in these regions will be indicative of strength.
The current volume profile is decline, an influx is highly probable when price action reaches a key trade location.
Overall, in my opinion, FGG is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
‘’No one strategy is correct all the time’’.- John Paulson
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.