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golden6

11,733 Posts.

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11/11/21

21:41

Post #: 57510613
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Originally posted by rick64: ↑

Shame you had them modded golden, nearly copied your story to keep as an inspiration oh well.
Thanks @valen1828 are you more of an FA trader then or you scans set up that you normally use.
Just looking at the FMG chart, according to everything I have learnt this is a buy on the weekly based on most everything I have read. The many touches at support, the reversal of EMA's, the turning up of MACD and RSI. The yellow trend line is not really strong as there is only a couple of touches and they are close together. I believe there is a bullish harami followed by a breakaway bar which would be confirmation. The only thing lacking is volume.
This is where I always get stuck, whether to wait for a small pullback that doesn't happen and miss out or jump in from here. Certainly it looks like reward to risk is there. Thoughts?

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I only posted it for your benefit to let you know what is possible.
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0 Great analysis

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