CF trade ideas
CF INDUSTRIES - LINE STUDIES - LONG - WEDGE - BREAKOUT#CF - CF INDUSTRIES HOLDINGS - WITH A QUICK LINE STUDY OF CF WE CAN SEE THERE IS A NICE WEDGE FORMING WE ARE AT A STRONG AREA OF RISING SUPPORT AND WITH A GOOD BUY SIGNAL FROM TENKAN / KIJUN SEN CROSS ON THE 4 HR FRAME WILL BE ENTERING LONG LOOKING TO GET ANOTHER TOUCH ON THAT TOP SIDE.
COULD BE LOOKING FOR A BREAK HERE AS WE ARE LAGGING BEHIND SECTOR AND MAY BE TIME TO PICK UP A GEAR BUT IT DOES LOOK LIKE THERE MIGHT BE POSSIBLE LEG DOWN BEFORE THE BREAK
LOOKING AT THE WEEKLY THERE IS A STRONG AREA OF SUP / RES AROUND 47.99 WHICH IS ALSO EXACTLY A 50% RETRACE FROM FIB HIGH TO LOW THIS COULD BE OUR TARGET WHERE SECTOR ALSO LOOKS TO BE GROUNDING SUPPORT
