With price above both 50 and 200 SMA, positive trend is clearly visible and high volume showing the conviction at the same level of price for next move up. Price is at just the support level at the trade entry price.
Disclaimer:
My ideas are not for recommendation purpose. I am just sharing my idea to share with community.
Disclaimer:
My ideas are not for recommendation purpose. I am just sharing my idea to share with community.
Trade active:
On weekly scale volume is still negligible as compared to earlier up move. Possibly it will hit SL price but that might be a removal of weak hands. Holding position.
Trade closed: stop reached:
Bad idea with sudden change of behavior if you look closely. SL hit in 5 sessions.