ETC has broken through the 4HA MA cloud with high volatility which is a good indication price will move up and touch the FAMA green edge. I am entering long positions on the good 4H momentum candle and on the daily white doji.
Trade active
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Opening positions on the 4H momentum move into the MA cloud.
Trade active
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4H MA cloud view:
Trade active
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Price progressing through cloud:
Trade active
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Price has completed the 4H edge to edge play and has dipped back below the MA cloud. Ehlers' sentiment is bearish.
Due to price action I am leaving my trades open. I will be looking to close positions if we get a dip below the support diag.
I have added a target which has been taken from the daily FAMA.
Trade closed: target reached
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+47%. Target hit overnight with high volatility causing some of my positions to be filled. Some are still some open positions with a trailing stop currently set at break even.