Quick one for the scalpersđ
$PENDLE took a hit over the last week (-13% on the 7D), but it's holding strong above the $2.00 psychological level.
Looking at the 1D chart, we've got a clear rejection of the lows at 1.97 and we're pushing back up to 2.13. I'm taking a long here for a quick bounce back to the mid-range.
đ Long from $2.12
đŻ Take profit at $2.28 (previous resistance)
đ SL at $2.02
Tight risk, decent reward. Who else is riding this bounce? đ
$PENDLE
$PENDLE took a hit over the last week (-13% on the 7D), but it's holding strong above the $2.00 psychological level.
Looking at the 1D chart, we've got a clear rejection of the lows at 1.97 and we're pushing back up to 2.13. I'm taking a long here for a quick bounce back to the mid-range.
đ Long from $2.12
đŻ Take profit at $2.28 (previous resistance)
đ SL at $2.02
Tight risk, decent reward. Who else is riding this bounce? đ
$PENDLE