EGLD TA - Possible bullish scenario 4h
I reentered a position here. There are many reasons for it:
1. bounce from the 0.618 fib level 2nd time
2. forming a double bottom
3. bounce from the "buy" zone
4. Forming a possible W pattern.
This is still a risky one. Let's see if this will play out.
Position informations:
* Entry Price $393.14
* SL $375
* TP1: $479
* TP2: $539
Disclaimer: DYOR. No financial advice. Just for your impression.
1. bounce from the 0.618 fib level 2nd time
2. forming a double bottom
3. bounce from the "buy" zone
4. Forming a possible W pattern.
This is still a risky one. Let's see if this will play out.
Position informations:
* Entry Price $393.14
* SL $375
* TP1: $479
* TP2: $539
Disclaimer: DYOR. No financial advice. Just for your impression.
Trade active
Position still active due too extention of the SL range. NEW SL @ $361.8. If this SL close my position, I will wait for another entry point at the $344 level. Last try for EGLD for a shortterm trade ;)
Trade closed: stop reached
SL reached. Looking for another entry and waiting for a clearly chartpicture.
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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.
Related publications
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.