Trade hit take profit but continued - so consider this a trade review.
Trend line again is respected and US released fundamental news to allow the bulls to surge in and take control.
The trend line is again respected with tech earnings coming in today with Microsoft, FB & Qualcomm
Tesla are also looking to open up the californian factory despite widespread social distancing and lockdown measures in place.
Despite the fundamentals - the demand zone has previously touched 8790 on multiple levels.
The price ended up having a great indecision candle form which gave us a huge opportunity to zoom into the into the 5 minute chart to give us our entry.
Price hit our target, immediately retraced to give another opportunity in order to re-enter and continue the long.
The impulse was too strong, hence the supply being tested.
Thanks,
Lupa
Trend line again is respected and US released fundamental news to allow the bulls to surge in and take control.
The trend line is again respected with tech earnings coming in today with Microsoft, FB & Qualcomm
Tesla are also looking to open up the californian factory despite widespread social distancing and lockdown measures in place.
Despite the fundamentals - the demand zone has previously touched 8790 on multiple levels.
The price ended up having a great indecision candle form which gave us a huge opportunity to zoom into the into the 5 minute chart to give us our entry.
Price hit our target, immediately retraced to give another opportunity in order to re-enter and continue the long.
The impulse was too strong, hence the supply being tested.
Thanks,
Lupa