Support & Resistance Play
VW creates higher heights & higher lows since may (blue trendline)
During that time it created a couple of support & resistance areas.
Entered the trade yesterday when it broke the resistance @ about 135.4 which becomes support - and will probably be retested today.
Entry: 136
TP I: 141.5
TP II: 145.5
TP III: 148.9
SL: 132.7
Further notice:
MACD indicates that the latest sell off weakens, MA 50 might cross MA 200 soon.
Tight SL since I'm not completly confident with this trade. MA 50 and MA 200 are still neutral/decending.
During that time it created a couple of support & resistance areas.
Entered the trade yesterday when it broke the resistance @ about 135.4 which becomes support - and will probably be retested today.
Entry: 136
TP I: 141.5
TP II: 145.5
TP III: 148.9
SL: 132.7
Further notice:
MACD indicates that the latest sell off weakens, MA 50 might cross MA 200 soon.
Tight SL since I'm not completly confident with this trade. MA 50 and MA 200 are still neutral/decending.
Nota
As predicted it tested 135.4 again and proofed that it became support. But what a afternoon move, 3,5 up in 1,5h and broke right through the MA50. Now I'm much more confident about that trade.Nota
Too much profit taking at the end of the day, closed below MA 50. Still confident.Dagangan ditutup: hentian tercapai
bloody dax market, SL hit
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.