Analysis done on 25/05/2020
Fundamental
→ 20 & 40 SMA sloping up
→ 20MA > 40MA
→ Low of daily bar touches 20MA or goes below 20MA
→ Close above 40MA
Awaiting buy trigger
→ CCI <-100
Pull trigger
→ Buy 1 bid above previous day high
→ Sell 5 bars later exclusive of initial bar
Stop Loss
→ 50% below price bought
I personally feel that this is a good swing trade; can consider buying 1 bid above previous high and close and take profits 5 bars later.
Fundamental
→ 20 & 40 SMA sloping up
→ 20MA > 40MA
→ Low of daily bar touches 20MA or goes below 20MA
→ Close above 40MA
Awaiting buy trigger
→ CCI <-100
Pull trigger
→ Buy 1 bid above previous day high
→ Sell 5 bars later exclusive of initial bar
Stop Loss
→ 50% below price bought
I personally feel that this is a good swing trade; can consider buying 1 bid above previous high and close and take profits 5 bars later.
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