We have decided to take a bullish trade at 21309 with a Global Stop Loss(GSL) at 21100 and a Global Profit Target at 22498
The Primary Trend (PT) given by the Monthly TIME BAR (MTB) is currently Bearish
The Secondary Trend (ST), given by the Weekly TIME BAR (WTB) is currently Bullish
The Medium Term Trend (MTT), given by the Daily TIME BAR (DTB) is currently Bullish
The Short Term Trend (STT), given by the Four Hour TIME BAR (FHTB) is currently Bullish
This is a high risk trade since the Primary and Secondary Trend are still bearish. We are taking this trade in the direction of the Medium Term Trend which is given by the Global Daily Time Bars(GDTB).
In light of the above trend analysis we will start a bullish trade using Global Trading Strategy #4 on the Global Automated Trading System #4 which trade in the direction of the Global Daily TIME BARS (GDTB).
Global Entry Signal: Buy @21309
Global Stop Loss: 21100
Global Target Profit: 22498
Global Trade Management Strategy: We will applied the Global Trailing Stop System for Global Trading Strategy #4
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