Fet broke out after a long consolidation , volume is alright and it hit the first resistance at 2340s. I will re-long the retest of 2150~ or the retest of the 21 ema on the h1 (yelow line). Also 21 ema on the daily is around 2200 so wait for a close above it for a higher probability trade.
Targets are :
2340 and 2600
Targets are :
2340 and 2600
Trade active
I got in, average price about 2150. Price is still resisted by the 21 daily ema, if 2200 breaks on the daily it should flow towards the next level of weekly resistance, around 3k.
Note
First target reached, correction on previous chart.
Daily resistances around 2700 and 3500, not 3k.
Note
Scalped this like 11 times, back in again at 2200 average, immediate target is 2350, if that breaks we will flow towards next level at 2570-2630.
Note
Suffice to say that trading fet has been fairly profitable. Will keep on buying the retest of the 21 and selling towards the top of the channel.
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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.