Bullish engulfing candle bounced off channel trend line followed by big gap up on strong volume . Looks like this one is heading to top of channel. Potential pull back before entry as RSI is heading into over bough territory and price is now outside bollinger bands . Targeting a 7-8% move. up to top of channel. Entry anywhere from 5.80-5.95.
Stop loss at 5.68 which would signal price will fill in the gap and trade is reversing.
Timeframe: 1-3 weeks
Please do your own research
For educational purposes only
Stop loss at 5.68 which would signal price will fill in the gap and trade is reversing.
Timeframe: 1-3 weeks
Please do your own research
For educational purposes only