Hi Guys! Look for this upward channel usually this chart pattern is a continuation for the downside and not for upside.
If I have to take this trade I will take it from 26 to have a better RISK:REWARD
To have a high probality on this trade we need to see price action that show buyers aren't in control of the market,you can use oscillators to help you (MACD divergence)
If we see strong impulsive move (BIG CANDELS) we watch for correction on lower time frame than we decide.
If I have to take this trade I will take it from 26 to have a better RISK:REWARD
To have a high probality on this trade we need to see price action that show buyers aren't in control of the market,you can use oscillators to help you (MACD divergence)
If we see strong impulsive move (BIG CANDELS) we watch for correction on lower time frame than we decide.
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Price reversed from a monthly resistance
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Clear divergence on weekly
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