ðĨ TWT Huge Bullish Hedge Opportunity: Oversold Signal
A couple of weeks ago I made an analysis on TWT where I discussed that TWT had likely more selling to come, but that there was a major support which could keep TWT from falling further.
At the moment, TWT is currently slightly bouncing from the diagonal support, as well as being severely oversold on the 3D timeframe.
Seeing that the overall direction is relatively bearish, this can be considered as a counter trend hedge trade. The trade has a massive risk-reward ratio of 41.4, which can lead to some amazing gains if the target is hit.
You could take earlier profits at 1.00 and 1.85 if you're more risk averse.
At the moment, TWT is currently slightly bouncing from the diagonal support, as well as being severely oversold on the 3D timeframe.
Seeing that the overall direction is relatively bearish, this can be considered as a counter trend hedge trade. The trade has a massive risk-reward ratio of 41.4, which can lead to some amazing gains if the target is hit.
You could take earlier profits at 1.00 and 1.85 if you're more risk averse.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Trade working out great ð
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