ICE Long on Ascending Channel false support breakout

Pros:
- MACD and FI confirm the move by ticking higher with prices
- Inverted Hammer + Hammer combo
- Overall high lows near SMA 100. Shows bulls strong attempt to push back above sma 100

- Cons:
Volume is decreasing as price increase in general near the sma100. (I ignored this because I am testing the theory to depend on FI instead of just pure volume)

Overall Trade Grade: 66% (8/12)
Uptrend: 2/3
MACD: 2/3
Force Index: 2/3
RSI: 2/3

Yorum:

Looking good after entry.
- MACD ticking up
- Force index ticking up
- Strong bullish candle almost no tail and relatively short wick
- Decent volume considering the huge price increase

If all goes well above 1ATR will move Stop Lost at breakevent for a 0 risk to 2-3 return

Yorum:

19/11/2019
Move SL to breakevent at 91.91 because selling volume is pretty huge over the past two days red candle