Upon missing the original impulsive move, an opportunity to scale in on a bullish move has appeared
We can see a descending channel which has had 3 touches to validate the pattern
A strong support level has also been formed here with some bullish pressure coming back in
With this confluence, I set a buy stop on the smaller timeframes to catch the upwards momentum
Hopefully we will see some results in the near future!
Happy trading folks, JRonaldTrading
We can see a descending channel which has had 3 touches to validate the pattern
A strong support level has also been formed here with some bullish pressure coming back in
With this confluence, I set a buy stop on the smaller timeframes to catch the upwards momentum
Hopefully we will see some results in the near future!
Happy trading folks, JRonaldTrading
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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.
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.