ACIW - Aug 24 MATrend Sustainable Momentum
Updated
Potential good Risk and Reward at 2.92R, 1.25Fib is also above the resistance point. D1 is overall bullish and consolidating
MATrend Sustainable Momentum (Systematic) 🚀
This is a variant of the Unsustainable strategy. System identifies stocks (Tech sector) that follows the larger market regime's momentum of the day.
MATrend Sustainable Momentum (Systematic) 🚀
This is a variant of the Unsustainable strategy. System identifies stocks (Tech sector) that follows the larger market regime's momentum of the day.
Trade closed manually
Closed this trade early at a loss of 0.83R as H1 price closed below the 1Fib. I should have closed earlier and made it a smaller R.
I was quite confident of this trade as it was also aligned with the SPX rising but I would not have captured the upside that happened late session because price would have hit my SL
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