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VEN Swing Trade

The Stoch RSI on the 1D Chart explains that the dumping on Ven has not yet finished.

The daily has rejected a dump further from the 0.00048540. The dump continued to the 0.00046 level meaning that Ven keeps retesting that position.

Effectively we may see at least a retrace to the 0.00045 to 0.00040 before beginning an uptick to 0.00056 to 0.00058.

Nouvive recommends an entry level long from 0.00040 to 0.00045 position. A Saudi Stop Loss should be placed at the 0.00038-39 position representing a 3-5% Risk ratio.

Nouvive recommends a take profit level from 0.00055 to 0.00058.


A long from the positions stated illustrates a 37 per cent gain.

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