FIVN - Aug 24 V2 MATrend Sustainable Momentum
Updated
There is a structure change and the larger H1 setup shows price bouncing back after the 9 August earnings drop. Overall price has been making gradual higher lows. Plotting TP towards the SMA100 shows a 2.5R Risk & Reward potential
V2 MATrend Sustainable Momentum (Systematic) 🚀
This is an iteration of the MATrend Sustainable Momentum System.
V2 MATrend Sustainable Momentum (Systematic) 🚀
This is an iteration of the MATrend Sustainable Momentum System.
- Portfolio of shortlisted Tech stocks with a positive backtest across the past 6 years
- Signals identify market opening H1 candles that potentially could indicate a change the current price behaviour or structure.
- Focus is on the larger setup and the direction it is inclined towards with a minimum of a Risk & Reward factor of 2
Trade closed: stop reached
Did I hold this trade for too long and should have closed by Day 3 when price was not moving into the pattern I was trading?
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