Still in downtrend. Looking for scalp opportunities based on these channels. Price is biased towards heading down to purple support line so be on the shorting persuasion.
Remember to use breakeven stop-loss after some time in profit and to use TP1 and TP2 for more profits. You can also scale into your sell position by selling now, and then sell again at the top of the channel in case it goes up more. Do so according to your personal analysis on price action.
Remember to use breakeven stop-loss after some time in profit and to use TP1 and TP2 for more profits. You can also scale into your sell position by selling now, and then sell again at the top of the channel in case it goes up more. Do so according to your personal analysis on price action.
Trade closed: stop reached:
Sell SL hit
Price failed to break blue dotted support line and remained within channel, SL was moved to breakeven.
Price failed to break blue dotted support line and remained within channel, SL was moved to breakeven.
Trade active:
Buy trade initiated