EA - Bullish UPDATE
Hey guys. Been keeping my eyes on EA, as im currently trading it. Thought id do another update. Do check out my other charts on EA to see what ive been seeing last couple of weeks.
So just a quick update.
This is on the daily chart. But it seems to me like we are starting the bullish divergence move to the upside.
TOdays daily candle close will give a nicer picture on whats to come. But as of now, 2 hours before closing time -> We have ourselfs a BULLISH ENGULFING CANDLE. This would be amazing to close like this out of the downward sloping channel i have drawn out.
Just a heads up we may even test support on the upper trend line of the downward channel i drew. So we still have time to buy positions.
Stop loss would be below the lower Red horizontal support line. Around the $108.00 levels. A 5-6% risk is the max im willing to take.
SO im looking at the red resistance line above us, as my first target.
My next target would be the MACRO .618 fib level (check out my other charts to see the level)
AND ill hold a little bit of my bag to see if the GAP we have fills.
I will be adding more to my position today and or tomorrow.
Hope this helps. PLease comment, boost and follow me for more ideas like this and a place where we I talk TA. Check out my other analysis on EA to get more information.
Disclaimer: This is not financial advice. The ideas expressed here are my opinion and a place to express TA to grow my understanding. Always make sure you have your own strategies in place when trading and that you protect yourself with stop losses.
So just a quick update.
This is on the daily chart. But it seems to me like we are starting the bullish divergence move to the upside.
TOdays daily candle close will give a nicer picture on whats to come. But as of now, 2 hours before closing time -> We have ourselfs a BULLISH ENGULFING CANDLE. This would be amazing to close like this out of the downward sloping channel i have drawn out.
Just a heads up we may even test support on the upper trend line of the downward channel i drew. So we still have time to buy positions.
Stop loss would be below the lower Red horizontal support line. Around the $108.00 levels. A 5-6% risk is the max im willing to take.
SO im looking at the red resistance line above us, as my first target.
My next target would be the MACRO .618 fib level (check out my other charts to see the level)
AND ill hold a little bit of my bag to see if the GAP we have fills.
I will be adding more to my position today and or tomorrow.
Hope this helps. PLease comment, boost and follow me for more ideas like this and a place where we I talk TA. Check out my other analysis on EA to get more information.
Disclaimer: This is not financial advice. The ideas expressed here are my opinion and a place to express TA to grow my understanding. Always make sure you have your own strategies in place when trading and that you protect yourself with stop losses.
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