BCH has been bouncing around this channel since mid August. It just bounced off the bottom of the channel and might be a good play here to hit the median and top of the channel.
I'd look to long until it hits that target area. If there's a close outside of this channel, it would invalidate this idea.
I'd look to long until it hits that target area. If there's a close outside of this channel, it would invalidate this idea.
Trade closed: stop reached:
Going to close this one out here, not comfortable waiting to see what happens at this area. The reaction off the bottom of this channel didn't show the bounce I'd hoped.
