Ampleforth reached the bottom of the channel and has a high probability to go to the mid-line which is at the 0.5 fib with around 35% profit. In confluence we see the RSI plotting a ''Bullish Divergence''. A good strategy could be to take 75% profit at the mid and reenter 50% at the bottom again or let the 25% ride!
*DISCLAIMER* This idea is only for the purpose of sharing ideas -> NOT investment advice, any feedback from aspiring traders and experts are more than welcome.
Always keep in mind not to enter a trade to soon and remember to take profit along the way. Stay safe, stay profitable & may the odds be forever in your favor ^^
Yorum
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Taken %75 profit at the midline $1.19
Yorum
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We're testing the upper limit of the descending channel for the 3rd time in a short period. Once we break now, it will definitely have some accumulated power to release!