My first chart after making some progress studying technical analysis ...... The analysis says if SFP nearly gonna hit 2.6907 as a support area and if it goes down it will hit another support area which is 2.6432.... SFP has 2 chances... if the rebound goes through the first station it will hit 2.78 Which is a friendly area and goes on, if a rebound happened through the second station it will be harder and take more time although if it goes down from that point it's the start of a short-term bearish trend.
Entry recommended: 2.64
exit point: 3.13
Preferably: 15% of total wallet.
After all, I could be wrong so don't be too cruel, I'm still new to this, and I need the advice... it will help me a lot... Thanks and happy shopping.
Entry recommended: 2.64
exit point: 3.13
Preferably: 15% of total wallet.
After all, I could be wrong so don't be too cruel, I'm still new to this, and I need the advice... it will help me a lot... Thanks and happy shopping.
Trade active:
At the end of yesterday and the start of this day, SFP was struggling to not pass the Last Line of support, and it looked like a fake penetration of the line, but at the end of the day good signs started to happen, the next couple of candles will decide the whole way, and hopefully, SFP makes it to 3.1 after 4 - 8 days.
Trade closed: target reached:
Late update but short reached