GJ finally broke out for the evening into the next day 1130-12am 3/10-3/11 One of the first pairs I've ever traded.
$OTW $OTW.ASX Over the Wire Holdings Ltd - The provision of telecommunications, cloud and IT solutions to business clients. Moving higher from the Symmetrical Continuation Triangle Target around $4.31 Directors/Senior management Mr Michael Nictarios Omeros Managing Director Mr Mike Stabb CFO
Rising wedge formed with a few bullish candles breaking out. However, the most recent candle is carrying bearish momentum, hinting a possible retest before the full breakout comes.
The USDCHF pair is currently working its way towards the resistance, which has been tested multiple times. Once it hits the resistance we can look to place a sell order towards the support but until then we just let the market do it’s job.
Noticed a double bottom on the daily timeframe and placed a long trade at a price where the reversal should be confirmed. The RSI is also rising which supports the long trade suggestion.