We created nice squeeze which can mean that is time for the second touch of the bullish channel.
Price should continue the move from September 2018, Current situation is price resting-buyers taking profits and other buyers jumping in.
Also, I can see a lot of wicks on support zones which only means that buyers are taking off.
For this moment I want to see a nice double bottom in this squeeze on the lower timeframe and we would create a nice weekly hammer and then... all the way up.
Price should continue the move from September 2018, Current situation is price resting-buyers taking profits and other buyers jumping in.
Also, I can see a lot of wicks on support zones which only means that buyers are taking off.
For this moment I want to see a nice double bottom in this squeeze on the lower timeframe and we would create a nice weekly hammer and then... all the way up.
Trade active:
Here we goo!
Trade closed: target reached:
Price reached the top of the channel so I'm taking my profits and let 1-2 trades run.