On the lower timeframes, price has been in a bullish market structure for a few days now (higher lows and higher highs, with price challenging this multi-month resistance once more. If price can break through barrier with volume, we can expect higher prices.
For our entry, we'd like to see $0.82 turn into support and 4-hour and daily closes rise above it.
On the chart, I've highlighted a few potential profit targets that I'd like to hit if we get an entry: $ 0.88, $0.91, and $1.00.
My stop loss will be triggered if the price falls back below the trendline after a breakout above it. I'll close the trade after this confirms a fake-out.
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☑️ Follow, Comment & Like
☑️ Create a civil and healty discuss in the comments and share with me your thoughts
Thanks and Happy Trading!
For our entry, we'd like to see $0.82 turn into support and 4-hour and daily closes rise above it.
On the chart, I've highlighted a few potential profit targets that I'd like to hit if we get an entry: $ 0.88, $0.91, and $1.00.
My stop loss will be triggered if the price falls back below the trendline after a breakout above it. I'll close the trade after this confirms a fake-out.
<---------------------------->
☑️ Follow, Comment & Like
☑️ Create a civil and healty discuss in the comments and share with me your thoughts
Thanks and Happy Trading!
