In Daily time frame, the price got supported by a short term channel bottom line.
Slow Stoch and RSI both are in a over sold level, crossed and turned to North.
The price would turn to North and moving in a big sideway channel. Stop long trade if the price break out the short term channel bottom line area.
Slow Stoch and RSI both are in a over sold level, crossed and turned to North.
The price would turn to North and moving in a big sideway channel. Stop long trade if the price break out the short term channel bottom line area.
Note
Continue long, the first profit target should be triggered, since the power to North still strong, keeping the long tread and set prevent profit stop.Trade closed: stop reached
Long trade closed by stop triggeredTrade active
The price standing back to the channel bottom line area, try to open long order again.Note
Long as expection, Continue long
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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.