PRICE seems to be in a descending channel correction phase from the uptrend and we should be seeing a continuation phase. i think price will break the current low established and then to continue. price has reached my required level of demand that i hope will push price right back up. i am awaiting price action confirmation to start going long.
Trade active:
watch.. buy limit active .. should have enough wiggle room for the spread
Comment:
The stop on my idea seems to be hit.. But there is still uptrend to happen.. The correction was very deep. Still in this trade thou
Trade closed: stop reached:
Stop was hit hard.. The correction seemed to be deep, shall look at possible longs next week.
price should be dropping to my required demand level soon. stay tuned for a stop hunt soon. before going long