Trading idea for ETC/USD LONG - Current price 15.542 USD
Updated
The graph is self-explanatory and it is commented on the main aspects of the operation using Ichimoku strategy. Additionally, if we look ADX + DI , Di+ is bearish and it confirms the strength of sellers.
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Buy: As explained above. This is not an exact price but an event.
Take-profit (short term): ~ from 17.5 to 18.35
Take-profit (medium term): ~from 19.0 to 21.0
Stop-loss: ~ 14.6
Initial stop loss determined using lead line (Kumo basis).
For maximum risk management on this trade, we also could move the stop-loss up with the Kumo, keeping it just below the bottom edge. For even tighter risk management, we could move our stop-loss with the Kijun Sen, keeping it 5 to 10 pips below that line.
Warning! You should not invest more than 10% of your available capital to trade.
You can find this strategy here.
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Buy: As explained above. This is not an exact price but an event.
Take-profit (short term): ~ from 17.5 to 18.35
Take-profit (medium term): ~from 19.0 to 21.0
Stop-loss: ~ 14.6
Initial stop loss determined using lead line (Kumo basis).
For maximum risk management on this trade, we also could move the stop-loss up with the Kumo, keeping it just below the bottom edge. For even tighter risk management, we could move our stop-loss with the Kijun Sen, keeping it 5 to 10 pips below that line.
Warning! You should not invest more than 10% of your available capital to trade.
You can find this strategy here.
Order cancelled
Chikou didn't break the kumo hard enough, after that the price looked for support in the kumo and tenkan crossed down to kijun, sign of a bearish trend. Now we should be waiting for a new alignment of the different ichimoku components to signal a new bullish trend and set up a long entry accordingly.
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