SFM - Uptrend + Price Rejection at 20MA (4x)
I. Analysis
1. Stock in a strong uptrend being consistently supported by the 20MA - trend identified
2. 20 MA tested 4x and held - value zone identified
3. Price rejection candles at the latest 20MA test
We are trading with the trend, from a value zone and the entry trigger is not as clean as it should, yet I can identify two bullish pinbar candles at teh avle area
II. Trade
1. Enter net candle
2. SL 1 ATR below 20MA
3. TP when price crosses and holds below 20MA
Plsd to hear yr comments
Cheers `
Ruben
1. Stock in a strong uptrend being consistently supported by the 20MA - trend identified
2. 20 MA tested 4x and held - value zone identified
3. Price rejection candles at the latest 20MA test
We are trading with the trend, from a value zone and the entry trigger is not as clean as it should, yet I can identify two bullish pinbar candles at teh avle area
II. Trade
1. Enter net candle
2. SL 1 ATR below 20MA
3. TP when price crosses and holds below 20MA
Plsd to hear yr comments
Cheers `
Ruben