Higher time frames on CRO are looking like they may have a decent amount of more upside while the smaller time frames are indicating a pull back maybe likely.
As such I have taken a long position at the low of this consolidation with a tight stop loss but also open to a ABC correction for a much larger move.
IF IF IF price manages to pull back to the 50% retrace area and oscillators are bullish this would make for an excellent risk to reward ratio swing trade for another higher high.
IF price doesn't make it but rather wicks below the local low and wicks back up a higher entry may be necessary.
Trade Well....
As such I have taken a long position at the low of this consolidation with a tight stop loss but also open to a ABC correction for a much larger move.
IF IF IF price manages to pull back to the 50% retrace area and oscillators are bullish this would make for an excellent risk to reward ratio swing trade for another higher high.
IF price doesn't make it but rather wicks below the local low and wicks back up a higher entry may be necessary.
Trade Well....
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.