Price is ascending in uptrend channel, with recent break of 12.30 level
Resistance break became weak with signal for possible pullback
Stop at 13.37
Target at 12.44
Resistance break became weak with signal for possible pullback
Stop at 13.37
Target at 12.44
Trade closed: target reached:
Target hit in 1 day, can't complain.
But can still enter again for a continued down move.
Let's see rest of the week plays out; potentially the breakout & descending channel can fail for a big downtrend OR this can indeed just be a pullback.
But can still enter again for a continued down move.
Let's see rest of the week plays out; potentially the breakout & descending channel can fail for a big downtrend OR this can indeed just be a pullback.
