As we gear towards the rate cuts, I think some of the worst impacted companies from high interest environment finally do a turn around and comeback. Barring a recession, a soft landing and signalling data, could make OPENDOOR an interesting play.
Price is moving down inside a very clear channel. We took out previous low, sweeping the liquidity and sell side stops. A good NFP and CPI data, can push easily OPEN to 2. And if Fed signals end of the month rate cuts, easily 3-4 in a couple of months before election worries settle in.
Ideal entry in FVG shaded area, 1st entry, add to the position when channel is broken to the upside. 2 Buyside are targets, 1st to take partial profit, 2nd to close position. Do not forget trailing stop.
Price is moving down inside a very clear channel. We took out previous low, sweeping the liquidity and sell side stops. A good NFP and CPI data, can push easily OPEN to 2. And if Fed signals end of the month rate cuts, easily 3-4 in a couple of months before election worries settle in.
Ideal entry in FVG shaded area, 1st entry, add to the position when channel is broken to the upside. 2 Buyside are targets, 1st to take partial profit, 2nd to close position. Do not forget trailing stop.
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.