Asset and Time frame -KO,4H
Entry Price -50.62
Exit(Stop Loss) -50.08
Exit(Take Profit) -55.15
Technical Analysis -Price is inside a daily confirmed ascending channel, the price reached the bottom of the tunnel and reacted with a small hammer pattern, price action reacted to the -61.8 Fibonacci level with an outside bullish candle and high volume, I've put a tight stop loss if you want a safer stop loss, I recommend the 49.22 level, also on the weekly chart price reacted to both 100 & 50 MA
I would like to hear your opinions and what can I do to improve, many thanks
Entry Price -50.62
Exit(Stop Loss) -50.08
Exit(Take Profit) -55.15
Technical Analysis -Price is inside a daily confirmed ascending channel, the price reached the bottom of the tunnel and reacted with a small hammer pattern, price action reacted to the -61.8 Fibonacci level with an outside bullish candle and high volume, I've put a tight stop loss if you want a safer stop loss, I recommend the 49.22 level, also on the weekly chart price reacted to both 100 & 50 MA
I would like to hear your opinions and what can I do to improve, many thanks
Trade closed: stop reached
The downtrend is really strong, I'll keep an eye for a better entry
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.