EGP Ascending Channel SMA50 bouncePros:
- Hammer with decent volume. Slight more than usual
- SMA 50 is well respected in the past
- Well respected SMA100 makes up for it
- Very clear uptrend
Cons:
- No divergence
EGP trade ideas
EGP LongOne of my trend retracement strategies . Average win Rate 50 - 80%.
Long 133.01
Stop Loss 130.42
Profit target 138
EGP: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
