SPL daily chart has a very low risk high reward trade opportunity because price is so near to where the stop loss is placed.
A beautiful trade because the price has popped up above the demand level and then pulled back to test the demand level for support.
A good trade because it close to the 8wma crossing above the 34wma which drives price higher once the cross occurs.
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- STTrading thread weekend 09-10 September 2023
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