WHA 1H Long - Touched 20MA as expected correction in relapse?
Updated
Hi there, here's another idea on Wereldhave.
In our previous post we saw that a correction wave was coming up and that it would hit the 20MA on the 1 hours time-frame. Well it did, now the next few hours might bring the chart up again. Considering other moving averages ar also still pointing upwards.
I'd suggest opening a small buy position now, and another one once we get past the 20MA again (around 10.75).
Trade safe, stay safe!
______________________________________________________________________________________________________
I'm purely a beginner in technical analysis . Please hit like, follow if you like my ideas or place a comment if you wish.
Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
In our previous post we saw that a correction wave was coming up and that it would hit the 20MA on the 1 hours time-frame. Well it did, now the next few hours might bring the chart up again. Considering other moving averages ar also still pointing upwards.
I'd suggest opening a small buy position now, and another one once we get past the 20MA again (around 10.75).
Trade safe, stay safe!
______________________________________________________________________________________________________
I'm purely a beginner in technical analysis . Please hit like, follow if you like my ideas or place a comment if you wish.
Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
Note
A more close-up on the 15 minute timeframe.Trade active
Placed a new buy orderOpen: 10.47
Stop-loss: 9.21
Take profit: 11.97
Note
Trade closed manually
I decided to close on WHA, because I was just reading on some news they filed bankruptcy due to the COVID crash. I was lucky to lose only 10% of my position. But I wouldn't long on this one just yet.Trade closed manually
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