LRC, Secure the Station

2021年5月2日LRC, 4h: The power in the trade idea here is the 4h timeframe working from inside out, to signal longer term bullish continuation. MACD Hidden bullish divergence issues the continuation signal. Entry accumulation here between the 0.382 and 0.50 Fib. Moving averages have gold crossed this week: the 14 SMA (purple) over the 56 SMA (green) at 4:1 ratio. LRC will use the 56 SMA as support all the way up to Fib extension targets overhead. Easy risk management with stop loss just below the 0.236, defining the bottom of this local range. I think this will turn into a 3 rising valleys, which is why position starts here. This is trading 101.