🔐 Allegion: ALLE - Starting up from demand zone
Hi mates another interesting idea with high Risk Reward!!!
As you see by two trendlines, uptrend in ALLE is incrasing in momentum. Now its definetely nice entry sweet spot on demand zone in 106 - 109 area. Target area is next supply zone at 119.30 - 194.36
My setup is following:
------------------------Trade setup ---------------------------
Entry: 109.80
Stop Loss: 106.23
Profit target: 120.01
------------------------------------------------------------------
If you like the idea, do not forget to support with a 👍 like and follow.
Leave a comment that is helpful or encouraging. Let's master the markets together.
As you see by two trendlines, uptrend in ALLE is incrasing in momentum. Now its definetely nice entry sweet spot on demand zone in 106 - 109 area. Target area is next supply zone at 119.30 - 194.36
My setup is following:
------------------------Trade setup ---------------------------
Entry: 109.80
Stop Loss: 106.23
Profit target: 120.01
------------------------------------------------------------------
If you like the idea, do not forget to support with a 👍 like and follow.
Leave a comment that is helpful or encouraging. Let's master the markets together.
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