Upper Channel Reversal
Drawing a channel, we see a short-term potential place for a reversal.
If we do come back, the lower trend of the channel could act as a good level for a re-entry trade.
5 day moving average on a closing basis, has been working well as a short-term trend level to ease some of the position to maintain gains.
If we do come back, the lower trend of the channel could act as a good level for a re-entry trade.
5 day moving average on a closing basis, has been working well as a short-term trend level to ease some of the position to maintain gains.
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