Two solid tests of the daily resistance line which is more likely a weekly resistance. Higher lows pushing up in to the resistance shows buyers are there.
I do not like entering within chart patterns since it's hard to determine who is really in charge. However, seeing as this is up against an ATH, a 0.5% risked position seemed warranted. If there is a break and subsequent retest of resistance now support, which is my preferred way of playing breakouts, the remaining 0.5% can be added to the position.
I do not like entering within chart patterns since it's hard to determine who is really in charge. However, seeing as this is up against an ATH, a 0.5% risked position seemed warranted. If there is a break and subsequent retest of resistance now support, which is my preferred way of playing breakouts, the remaining 0.5% can be added to the position.