Algo has been within a channel since the start of October and every time it reaches either extremes of the channel, we get a really nice reaction.
We are looking for a similar reaction this time round.
Trade Idea:
- Watch for price to come back to the channel support and show bullish momentum
- Enter with stops below the channel
- Target the recent highs as first target and channel resistance for second targets
We are looking for a similar reaction this time round.
Trade Idea:
- Watch for price to come back to the channel support and show bullish momentum
- Enter with stops below the channel
- Target the recent highs as first target and channel resistance for second targets