Long opportunity now, more channel side action for now until support or resistance break confirmed. Until than, just long support and short resistance, could take a while to get out of here.
Nothing complicated, one of my favorites times to trade because we often stay in patterns much longer than everyone thinks with plenty of plays between support and resistance. Easy to risk manage trades.
Good Luck
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Looks that we are getting some support at this box but remember, pressure is still to downside, we are below all major EMA’s on 4hr and pressure is to downside. This is a few % swing trade, in next coming weeks I will be looking more down, for now I’m playing this swing
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My first long went in, I got more 7860 and bigger at 7780
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We got a nice break up , now We need to hold 10EMA on hourly, if we fail. I’m closing my long and will have no position for now