FTM new channel

2021年10月7日

Made a nice profit from the last FTM idea, pls check the link below. Since breakout, two weeks ago, FTM respecting this ascending channel and now looks like it could create a new one above it... Respected new parallel, but it was also horizontal resistance level so it still waiting for confirmation. Now I have some ideas about new entry points... Interesting is that the lower channel resistance level (now should be support) is near fib 0,382 so it could be the first level to watch on for possible bounce... Breaking that high we got rejected is also a good entry. Entry points are on the chart. Good luck traders