DAY TRADE - EXPIRES AT 9PM
Trade Idea
Trading within a Bullish Channel formation.
We have a 50% Fibonacci pullback level of 12130 from 12661 to 11600.
As this corrective sequence continues we look to set longs on a dip at better risk/reward levels.
The medium term bias remains bullish.
Preferred trade is to buy on dips.
We look to Buy at 12130
Stop: 12050
Target 1: 12330
Target 2: 12400
Trade Idea
Trading within a Bullish Channel formation.
We have a 50% Fibonacci pullback level of 12130 from 12661 to 11600.
As this corrective sequence continues we look to set longs on a dip at better risk/reward levels.
The medium term bias remains bullish.
Preferred trade is to buy on dips.
We look to Buy at 12130
Stop: 12050
Target 1: 12330
Target 2: 12400
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.