Breakout either way?

8. Aug. 2017

As we see, we have a triangle forming here.

Now with every crossing of Support or Resistance, there might be a breakout to that direction.

Right now the EMA 200 is below the price, what means the breakout should go long. On the same time though, we see that the EMA 200 is very close the the price and could change its mind every second... So that is not a good help right now.
The main trend is long as well, but on the other hand, the price forms lower highs (sign for a downtrend)...

Me personally, I think the breakout will go long, but its a 50/50. You could also just flip a coin.

Keep watching it is the only definitive way to see what the price will do...

Good luck!

If you have any information why the price would more likely go in either direction, I am glad to hear it!

10. Aug. 2017

Trade ist aktiv

I risk a small position right now, and will enlarge it as the breakdown continues. It could still be a trap, thats why I am careful.

Best of luck to all of you!

14. Aug. 2017

Trade geschlossen: Stop wurde erreicht

Ha, there was the trap!
I told, you, right?
Good thing I trailed this one closely ;-)

15. Aug. 2017

Anmerkung

Allright, I smell another entry for a short position here. If the price bounces back from that green resistance, we give it another sho(r)t!

22. Aug. 2017

Anmerkung

After all, the bulls cant break the resistance, so it might be smart to go short on this one... MIGHT!