Reasons-
1) Trading above the 200 ema & Ichimoku cloud on the weekly & daily.
2) Selling came at the weekly resistance but all supply absorbed.
3) Bears trapped and likely to have their stop loss above the recent high.
4) We enter where the bears are having their stop loss so that we can have a small stop loss with high reward potential.
5) Going with the trend makes it easy.
6) Breakout after long consolidation + retest.
Kindly trade at your own risk.
Good Luck ^_^
1) Trading above the 200 ema & Ichimoku cloud on the weekly & daily.
2) Selling came at the weekly resistance but all supply absorbed.
3) Bears trapped and likely to have their stop loss above the recent high.
4) We enter where the bears are having their stop loss so that we can have a small stop loss with high reward potential.
5) Going with the trend makes it easy.
6) Breakout after long consolidation + retest.
Kindly trade at your own risk.
Good Luck ^_^
