Emirates Telecom Group (EAND) ADX 15m Long Setup

EAND has been hugging the **daily uptrend** since mid-June, printing a clear bullish structure. The latest corrective drop has retested the **demand zone** at 18.14–18.28. The move down appears to be losing momentum, hinting at possible buyer re-entry.

**🟩 Key Supply/Demand Zones**

* **Demand Zone:** 18.14–18.28 (trendline + prior support + potential end of correction)
* **Supply Zone:** 19.04–19.18 (previous high and resistance cluster)

**📉 RSI Divergence**

* RSI is showing **bullish divergence** — price made equal or slightly lower lows, while RSI made higher lows. This signals that sellers are losing strength.

**🎯 Trade Setup**

* **Entry:** 18.28–18.32 (within demand)
* **Stop Loss:** 18.14 (just below demand)
* **Take Profit:** 19.04–19.18 (supply zone retest)
* **Risk/Reward:** \~3.9R
* **Trade Management:** Consider moving SL to BE at \~18.50 (1:1 RR) and trail stops along minor higher lows on the 15m chart.

**💰 Risk Management**

* Risk only 1–3% of your total equity.
* Avoid scaling in unless there’s a confirmed break above 18.50 with volume expansion.

*"In trading and investing, it's not about how much you make but rather how much you don’t lose."* – Bernard Baruch

**⚠️ Disclaimer**
This is not financial advice. Trading carries risk, and you should assess setups based on your own strategy and capital management rules.