Price is ascending in uptrend channel, with recent break of 12.30 level
Resistance break became weak with signal for possible pullback
Stop at 13.37
Target at 12.44
Resistance break became weak with signal for possible pullback
Stop at 13.37
Target at 12.44
Trade closed: target reached
Target hit in 1 day, can't complain.But can still enter again for a continued down move.
Let's see rest of the week plays out; potentially the breakout & descending channel can fail for a big downtrend OR this can indeed just be a pullback.
Related publications
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.
Related publications
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.