Small gains in a downward channel
Updated
Lets keep it brief. Chart speaks for itself. Its a slightly messy chart but things to look at are:
-MACD bullish crossover combined with...
-Price action now sitting above 21 day MA and the Tenkan on our ichimoku cloud combined with...
-A nice airgap in our cloud for price action to aim at.
If you want to be sure wait for close of today. Target should be resistance line of downward channel.
YMMV.
-MACD bullish crossover combined with...
-Price action now sitting above 21 day MA and the Tenkan on our ichimoku cloud combined with...
-A nice airgap in our cloud for price action to aim at.
If you want to be sure wait for close of today. Target should be resistance line of downward channel.
YMMV.
Note
...be mindful of stop hunting when you are protecting your six. I would not be surprised if major players push down hunting stops before the push to the upper resistance line.Trade closed: stop reached
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