Strong Long term trend line touch.
At major support area.
Bullish reaction to support area with higher volume.
This is heavily a speculation trade with little but support and a trend to go on. Preferably we need to wait for a better pattern to form after a bear rush. The reason for this plan is of long factors that might come into play. They're at a trend line(2018 - 2019) drops which gives us good entry points for long(if trend line/support holds) to retest the Major downtrend channel top.
At major support area.
Bullish reaction to support area with higher volume.
This is heavily a speculation trade with little but support and a trend to go on. Preferably we need to wait for a better pattern to form after a bear rush. The reason for this plan is of long factors that might come into play. They're at a trend line(2018 - 2019) drops which gives us good entry points for long(if trend line/support holds) to retest the Major downtrend channel top.
Note
Take profit and set to b/e or in-profitTrade closed manually
B/e hit.
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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.