Price was supported by 200 MA and managed to touch the higher boundary of an . In case there is a confirmed breakout of the higher boundary of the channel we can initiate a long position. Otherwise it might be a rejection case
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.