LTC Long (conditional mid-term)#LTC Long (conditional mid-term)
If - then.
Why:
• General Bullish bias/Uptrend
Where:
• Lower border of 12H uptrend channel
• Volume POC of the range
• Zone begins: HL SSL
• Zone ends: Lower OB
• SL Under next swing low and demand POI
- Still in premium Zone.
Risk: Low
The probability of a general bullish uptrend continuation is always higher than the probability of a reversal.
Amount:
SL is medium sized- 4,3%
Safe entry on 1.86% x25
will expose you to the risk of 2% total.
Trnd
Uptrend still valid for EUROHello traders!
After a solid support at 1.13 euro is going higher and higher.
Progress is being exhausted after some positive news from US
but the pair was overbought heavily.
So fundamentals don't necessarily justify past week's capitulation.
Now after recuperating I am looking for further upside and reverse around 1.15 area.
Technically driven the trend will not be as violent going into the future
as the Gann fan line 1/1 was broken going into 2/1 line the more stable slower trend line eventually takes place.
You know the drill by now so always place stops.
Trade safe, Trade well.