Pros: - FI and MACD both trace higher low even when the price is at lower low. - RSI traced double bottom and RSI starting to slope up - MACD histogram in weekly trend has alredy ticked down quite abit (lower potential downside) - High potential profit if prices break above SMA200. Can realistically expect 4R-5R profits
Cons: - Volume on red days still relatively high. Ideally would prefer a decline in red days volume as prices goes down for Long trade. I am betting on the SMA 200 holding based on FI, MACD and RSI
注释
Profit at around 1.5R now. Move stop lost to breakevent at 215. Very good position now for a 0 to 3 risk:reward trade
注释
Exited at 232.15 because I am worried about the strong resistance 232.85