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30% EDGE profit potental!
Nice opportunity to profit from EDGE.
Price has rejected the lower trendline boundary creating a nice morning star signal.
Now we are in a strong downtrend still so we do want to proceed with some caution. Therefore I recommend taking profits at the 38% fib retracement level as this could very well be a turning point. That's still a nice 17% profit!
Second level will be the upper channel coundary around 3600 (30% profit).
Entry: up to 2800
TP1: 3340
TP2: 3600
Price has rejected the lower trendline boundary creating a nice morning star signal.
Now we are in a strong downtrend still so we do want to proceed with some caution. Therefore I recommend taking profits at the 38% fib retracement level as this could very well be a turning point. That's still a nice 17% profit!
Second level will be the upper channel coundary around 3600 (30% profit).
Entry: up to 2800
TP1: 3340
TP2: 3600
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