FCPO 18 Oct 2021 : Re-entry EMA14 & Bullish pennant
Updated
1. Setup : EMA14>EMA50 = Uptrend
2. Signal: Re-test EMA14
3. Confirmation : 5min bullish engulfing + Bullish pennant pattern
4. Entry : at the low side of pennant triangle
5. SL : 10 tick below signal CS
6. TP : fibo extension 100% / until reversal CS
Price near resistance but not retest yet the highest level.
Risky setup possible price go down.
2. Signal: Re-test EMA14
3. Confirmation : 5min bullish engulfing + Bullish pennant pattern
4. Entry : at the low side of pennant triangle
5. SL : 10 tick below signal CS
6. TP : fibo extension 100% / until reversal CS
Price near resistance but not retest yet the highest level.
Risky setup possible price go down.
Comment
Possible TP for bullish pennantComment
CC chartTrade closed: target reached
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