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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.