Long trade ahead?
I've placed a buy stop above the last trading day's high. Bullish factors for this are:
- After reaching the low on the 5th August, the price has formed a nice upward trend consisting of higher highs and higher lows.
- We are now about to form the next higher low (this will be confirmed by a break of the last day's daily high).
- The 30- and 50-day SMA are about to align bullishly.
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