DFS: Post-FOMC longDFS is offering an interesting setup in the monthly, daily and 65 min charts. We can clearly see the reaction to the news has been positive and can expect continuation into the highs. Target on chart is derived from monthly price action, the stop from the daily, and we use the 65 min timeframe to get a clear picture of the price action around the news. All 3 timeframes support the idea that going long at market open is wise.
Risk is a drop to 53.74, but upside is as high as 58.10 within 3 months or less.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
