Trade Idea
Posted Mixed Daily results for the last 11 days.
The rally was sold and the dip bought resulting in mild net gains yesterday.
Price action has formed a bullish ending wedge formation.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
Bespoke support is located at 15.04.
Ichimoku cloud support comes in at 14.96.
Preferred trade is to buy on dips.
We look to Buy at 15.00
Stop: 14.85
Target 1: 15.50
Target 2: 15.80
Posted Mixed Daily results for the last 11 days.
The rally was sold and the dip bought resulting in mild net gains yesterday.
Price action has formed a bullish ending wedge formation.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
Bespoke support is located at 15.04.
Ichimoku cloud support comes in at 14.96.
Preferred trade is to buy on dips.
We look to Buy at 15.00
Stop: 14.85
Target 1: 15.50
Target 2: 15.80
Trade active:
Triggered at 15.00, dipped to 14.90 and trading back at the figure.
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