After a recurring descending trendline breakout and obvious bear cessation, the price hit a powerful support made visible by a double bottom.
Another descending trendline was also broken awaiting a possible retest whereby I will place my long position with a Stop below a secondary support not far from the trendline. However, if there is no retracement I will look to place my long positions above the current target/resistance.
Good luck and follow me for more ideas!
Another descending trendline was also broken awaiting a possible retest whereby I will place my long position with a Stop below a secondary support not far from the trendline. However, if there is no retracement I will look to place my long positions above the current target/resistance.
Good luck and follow me for more ideas!
