FET has been a big mover thus far and appears to have more to go. On a macro scale a simple measured move of the macro trend structure puts a high target in the 1.70 range. This is not something that necessary will occur but reasonably possible given the past price action.
Current trading plan is to look for pull back that consolidates at the last daily support structure at .2800.
As such IF buyers alow price to be discounted to this area, coupled with bullish oscillator signals a new long position from this area may be in order targeting the next macro resistance level in the .41-.45 range.
Trade Well.......
Current trading plan is to look for pull back that consolidates at the last daily support structure at .2800.
As such IF buyers alow price to be discounted to this area, coupled with bullish oscillator signals a new long position from this area may be in order targeting the next macro resistance level in the .41-.45 range.
Trade Well.......
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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.