Hello fellow traders,
If it fits your trading strategy and set up rules, JAGX currently offers great risk-to-reward potential to the upside.
Although the larger context is bullish, the weekly timeframe recently completed its expansion and began its corrective phase while maintaining its recently established value. On the lower timeframes we can see a steady correction which don't show any signs of downward conviction on a higher than intra-day timeframe.
In the event that the higher timeframes continue to their correction, there are great odds for a stronger dip below current value before the probable move upwards.
Let me know if you like the idea with a thumbs up.
Enjoy your day.
If it fits your trading strategy and set up rules, JAGX currently offers great risk-to-reward potential to the upside.
Although the larger context is bullish, the weekly timeframe recently completed its expansion and began its corrective phase while maintaining its recently established value. On the lower timeframes we can see a steady correction which don't show any signs of downward conviction on a higher than intra-day timeframe.
In the event that the higher timeframes continue to their correction, there are great odds for a stronger dip below current value before the probable move upwards.
Let me know if you like the idea with a thumbs up.
Enjoy your day.