Nouveau monde Graphite, daily.
Holy moly this is textbook. *Trade idea below*
The downtrend forming since Feb. 2021 seemed to have been picked up nice with a converging trend line and is now consolidating in a tighter range.
RSI and TSI follow the same pattern, can be seen even better on weekly timeframe.
With current macro context favouring commodities, and expected long term demande of graphite, I think a move to the upside rather than downside could be underway and we could see the beginning of a new cycle.
If looking to enter long position with low risk:
ENTRY: 6.45-6.35 range
TARGET: 16.50 ( + 143 %)
Stop loss: 6.24 ( - 3.5 %)
Stop loss high risk : 5.6 ( -13 %)
Holy moly this is textbook. *Trade idea below*
The downtrend forming since Feb. 2021 seemed to have been picked up nice with a converging trend line and is now consolidating in a tighter range.
RSI and TSI follow the same pattern, can be seen even better on weekly timeframe.
With current macro context favouring commodities, and expected long term demande of graphite, I think a move to the upside rather than downside could be underway and we could see the beginning of a new cycle.
If looking to enter long position with low risk:
ENTRY: 6.45-6.35 range
TARGET: 16.50 ( + 143 %)
Stop loss: 6.24 ( - 3.5 %)
Stop loss high risk : 5.6 ( -13 %)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.