Long
FTM - Potential Price Moments
I am relatively new to trading so I am looking for feedback on the idea that I have for price movements for FTM.
Below is the method that I used to perform price analysis:
1) Trend Analysis - Price movement is on the uptrend on the daily
2) Chart Pattern Analysis - confirmed the triangular pattern, which is how I have set the target price (taking the side of the triangle with the price and placing that above the top candles)
3) I performed a Fib Retracement on 3 different price points to identify the resistance zone (this helped me confirm my buy zone)
If there is anyone that can please review this, I would be eternally grateful :)
Below is the method that I used to perform price analysis:
1) Trend Analysis - Price movement is on the uptrend on the daily
2) Chart Pattern Analysis - confirmed the triangular pattern, which is how I have set the target price (taking the side of the triangle with the price and placing that above the top candles)
3) I performed a Fib Retracement on 3 different price points to identify the resistance zone (this helped me confirm my buy zone)
If there is anyone that can please review this, I would be eternally grateful :)
Note
By the way - please DO NOT trade on my analysis as I am too new!
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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.