Long

LONG POSITION ON CADSGD

Updated

BUYERS PUSHED PRICE PASSED ITS DAILY RESISTANCE. POST THE BULLISH MOVE, WE THEN SAW SELLERS TRYING TO REGAIN MARKET CONTROL BUT ONLY TO PUSH PRICE TO SUPPORT, TO SERVE AS A BREAK-OUT AND RETEST ILLUSTRATION TO THE UPSIDE.
I BELIEVE THIS HAVE BEEN AN EASY ANALYSIS BECAUSE OF ITS TEXTBOOK PLAY.
NB: DO NOT FORGET TO USE PROPER RISK MANAGEMENT.

Note

MARKET FLOW.
TO THOSE LIKE MYSELF WHO ARE FOLLOWING THIS TRADE, HAVE SEEN THAT PRICE MOVED AS PER OUR FORECAST. OUR FIRST TP WAS TRIGGERED SO IM LOOKING TO GET A CONTINUATION TO THE UPSIDE TOWARD OUR DAILY RESISTANCE WHERE WE HAVE OUR TP3.
PLEASE DO NOT FORGET TO PROTECT YOUR EARNINGS BY MOVING YOUR SL TO OUR ENTRY LEVEL.

NkululekoVilakazi

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