TRADING TIPS

EVA New Long Setup with Targets

Hubert Senters here.

Let’s take a look at technically a decent set-up. Three days above the cloud. ADX just crossed above $20 a day and a half ago. Actually two days ago.

So it looks pretty good. Cloud pointing up. It’s cleared some key support there. It’s got some overhead resistance that it’s headed to.

So depending on you approach this trade to be a small quick trade from $52.98 to $53.98 so about a point but it clears that.

It could potentially continue to climb so let’s give it a fib target also so we’re going to grab a fib. We’re going to go to a low into a high to a low surpassed all those so that’s not going to work or what else could we kind of figure out here.

There’s not another low target in there so about all you can do is you can measure the distance on the last little move to the high side.

And that distance and this distance and giving you an approximation. I’m eyeballing this it won’t take you as a hundred percent accurate. It’s going to be around $56 to $58.

Trade Thirsty is hosting a multi-speaker event this weekend. Here are your seven presenters. I am one of them. I’m going to be kicking off the party at 9AM EST. CLICK HERE TO REGISTER for the workshop.

Good luck. Hope it helps. See you on the next video.

Hubert.

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