MFT has entered the daily ichimoku cloud, with a flat senkou span B attracting the price we have a great E2E trade setup. Apart from the cloud, MFT is showing signs of reversal, with a close above 100EMA, the horizontal lines on the second chart show the expected targets should MFT break out of the cloud. Right now, we should focus on the the most likely scenario - the Edge to Edge trade.
This trade holds active as long as the price action doesn't break and close below the kumo cloud. As always, correct risk management is required to minimize losses. A stop below the cloud should be optimal.
This trade holds active as long as the price action doesn't break and close below the kumo cloud. As always, correct risk management is required to minimize losses. A stop below the cloud should be optimal.