FXCM’s Cannabis Basket’s hourly showing potential momentum push

FXCM's Cannabis Basket's hourly showing potential momentum push for FX:CANNABIS by FXCM

FXCM’s Cannabis Basket’s hourly showing potential momentum push

CANNABIS FX:CANNABIS



FXCM’s CANNABIS basket is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. The stochastic has moved into the upper quintile, and maintenance of this level (blue arrow) increases the chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly support in conjunction with risk management techniques.

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