Hello everyone,
FRGT has been setting up quite nicely since a long time.
Looking at the chart on 4HR timeframe, it has setup a Cup & Handle pattern. It even broke the cup resistance line at 0.5292 and closed the price above on the daily at 0.5599. This is a bullish indicator.
Entries can be made based on how the next candle runs. If you'd like to enter now, I'd have a tight stop loss at around 0.47.
Target levels are :
Target 1: 0.6037
Target 2: 0.7062
Target 3: 0.8087
Target 4: 1.36 (being hopeful here.)
Note: Scale out as it goes up.
Stop-Loss: 0.47
Do your own research before trading. Please like if you agree or comment if you have any questions.
Happy trading!
FRGT has been setting up quite nicely since a long time.
Looking at the chart on 4HR timeframe, it has setup a Cup & Handle pattern. It even broke the cup resistance line at 0.5292 and closed the price above on the daily at 0.5599. This is a bullish indicator.
Entries can be made based on how the next candle runs. If you'd like to enter now, I'd have a tight stop loss at around 0.47.
Target levels are :
Target 1: 0.6037
Target 2: 0.7062
Target 3: 0.8087
Target 4: 1.36 (being hopeful here.)
Note: Scale out as it goes up.
Stop-Loss: 0.47
Do your own research before trading. Please like if you agree or comment if you have any questions.
Happy trading!
Note
Target 1 reached : 0.6037Make sure to scale some out.
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.
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.