After a challenging few months, WLD has dropped significantly in price and now appears to be undervalued. Let's break down the current market conditions and explore a potential long trade setup with a strong risk-to-reward (R:R)
Current POC: The price should hold at the current Point of Control (POC) to build up bullish strength.
Primary Entry: Enter a long trade at the current price level, focusing on the support at the POC.
Stop-Loss Placement: Set the SL just below the POC to ensure a favorable R:R
ratio.
Target Profit: Aim for a TP at the old trading range, capturing the potential recovery in price.
Current POC: The price should hold at the current Point of Control (POC) to build up bullish strength.
Primary Entry: Enter a long trade at the current price level, focusing on the support at the POC.
Stop-Loss Placement: Set the SL just below the POC to ensure a favorable R:R
ratio.
Target Profit: Aim for a TP at the old trading range, capturing the potential recovery in price.
Trade closed: stop reached
Long trade stopped out.
🏆 Mastering Fibonacci for precision trading
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🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
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.
🏆 Mastering Fibonacci for precision trading
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
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.