ICE Long on Ascending Channel false support breakout
Pros:
- MACD and FI confirm the move by ticking higher with prices
- Inverted Hammer + Hammer combo
- Overall high lows near SMA 100. Shows bulls strong attempt to push back above sma 100
- Cons:
Volume is decreasing as price increase in general near the sma100. (I ignored this because I am testing the theory to depend on FI instead of just pure volume)
Overall Trade Grade: 66% (8/12)
Uptrend: 2/3
MACD: 2/3
Force Index: 2/3
RSI: 2/3
- MACD and FI confirm the move by ticking higher with prices
- Inverted Hammer + Hammer combo
- Overall high lows near SMA 100. Shows bulls strong attempt to push back above sma 100
- Cons:
Volume is decreasing as price increase in general near the sma100. (I ignored this because I am testing the theory to depend on FI instead of just pure volume)
Overall Trade Grade: 66% (8/12)
Uptrend: 2/3
MACD: 2/3
Force Index: 2/3
RSI: 2/3
Komen:
19/11/2019
Move SL to breakevent at 91.91 because selling volume is pretty huge over the past two days red candle
Move SL to breakevent at 91.91 because selling volume is pretty huge over the past two days red candle
- MACD ticking up
- Force index ticking up
- Strong bullish candle almost no tail and relatively short wick
- Decent volume considering the huge price increase
If all goes well above 1ATR will move Stop Lost at breakevent for a 0 risk to 2-3 return