EXPLEOSOL
Broke out from cup and handle pattern and is consolidating in rising channel pattern. Price near trendline support. Short term traders can take a trade with a tight stop loss and go for 1:5 Risk reward play.
Low momentum/volume candles near support show that price is ready to take big support.
SAFE TRADERS WAIT FOR PRICE TO MAKE GREEN CANDLE INSTEAD OF ENTERING NOW.
If price breaks the channel, Targets extend to 2100/2200 levels.
Current target: 1950
Stop: below 1680
Trade active:
Price seems to be making a a green candle. Enter above 1750 on closing basis on hourly TF.
Trade active:
Price made move to top of the channel yesterday and now is back at support. Add more quantity and maintain same stop loss.
Trade closed: stop reached