REASON FOR ENTRY :Short term downtrend and consolidation between 0.31 and 0.4 before a big bullish candle backed with solid volume breaking the downtrend/consolidation and the .5 Fibonacci resistance.
EXIT STRATEGY :Using future areas of sensitivity and an 8 exponential moving average on h4 and h1 candlesticks to gauge an exit. Note : The 0.236 Fibonacci area or 0.53 is likely to be the next significant bridge to cross, an investor with less risk appetite could set an immediate take profit at or around that level for a gain of 28%.
HIGH risk level Sharing my personal trades, not investment advice.
ESS Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
