I have been waiting and watching this pair on the daily t/f for several weeks now. Like some people like to say "waiting like a sniper", lol.
Seriously, I became more interested since it formed a flat bottom because I like to trade BO (breakouts) or BO with a pullback. Note that this is a daily chart and price is below the 200sma.
I expect price to continue to make lower highs and break out to occur late this week, possibly next week. Hopefully, you have your own plan on how you trade breakouts. Good luck if you will trade this.
This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Seriously, I became more interested since it formed a flat bottom because I like to trade BO (breakouts) or BO with a pullback. Note that this is a daily chart and price is below the 200sma.
I expect price to continue to make lower highs and break out to occur late this week, possibly next week. Hopefully, you have your own plan on how you trade breakouts. Good luck if you will trade this.
This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Trade active
Price continues to squeeze lower, hopefully we can enter short this week.
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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.