Since we broke out our channel I can see another Falling wedge forming on the 1H time frame. That said, next support lvls are between 8150/8350 based on the 0.681FIB lvl and previous support and resistance.
Note
This is the last drop I was waiting for. Closed a small short and slowly opening longs. Divergence is quite bullish too. i.imgur.com/f3ixAOR.jpgTrade active
And there we go! :-)Note
Allright, I closed 75% of my position now but might rebuy later on. I can see there's something on an inverted head & shoulders on the chart, but it't super ugly. I'm not trading that one.Trade closed: target reached
I was going to post the bullflag forming, but when I was posting I saw it broke it already downwards. Therefore I closed my trades. Looking for a better entry again. :-)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.