1W:
Large buyers volume (bulls)
Bullish MA cross (bulls)
Bearish divergence on a/d (bears)
Fear and Greed Index:
50 (neutral)
General mood in the market:
Trading Range (neutral)
Reason for opening a deal:
Medium-term deal (several months). Bullish trend is clearly visible on the chart, now we are at the estimated minimum of its correction of 50% (the lower zone of the flag). Usually such a situation is a good opportunity to buy before resuming the upward movement + very good profit/risk ratio.
Instructions for action: Cancellation of a position after 1 closing under the flag.
Trading Strategy:
Purchase: at 0.302
Stop-loss: 0.267 (-11.6%)
Take-profit: 1.085 (+259.27%)
Profit/risk: 22.35
Large buyers volume (bulls)
Bullish MA cross (bulls)
Bearish divergence on a/d (bears)
Fear and Greed Index:
50 (neutral)
General mood in the market:
Trading Range (neutral)
Reason for opening a deal:
Medium-term deal (several months). Bullish trend is clearly visible on the chart, now we are at the estimated minimum of its correction of 50% (the lower zone of the flag). Usually such a situation is a good opportunity to buy before resuming the upward movement + very good profit/risk ratio.
Instructions for action: Cancellation of a position after 1 closing under the flag.
Trading Strategy:
Purchase: at 0.302
Stop-loss: 0.267 (-11.6%)
Take-profit: 1.085 (+259.27%)
Profit/risk: 22.35