Bullish breakout idea
Price has made a small bullish trend within the recent range (directly after a false breakout)
An inside bar has formed right at resistance (4H timeframe)
RSI not overbought
Both ADX and DMI+ above 25
The play is to take advantage of the likely breakout to the upside
*With tomorrow being the last day before the Easter break, it is possible we see very little follow-through tomorrow.
An inside bar has formed right at resistance (4H timeframe)
RSI not overbought
Both ADX and DMI+ above 25
The play is to take advantage of the likely breakout to the upside
*With tomorrow being the last day before the Easter break, it is possible we see very little follow-through tomorrow.
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.