Since we broke out our channel I can see another Falling wedge forming on the 1H time frame. That said, next support lvls are between 8150/8350 based on the 0.681FIB lvl and previous support and resistance.
Comment:
This is the last drop I was waiting for. Closed a small short and slowly opening longs. Divergence is quite bullish too. i.imgur.com/f3ixAOR.jpg
Trade active:
And there we go! :-)
Comment:
Allright, I closed 75% of my position now but might rebuy later on. I can see there's something on an inverted head & shoulders on the chart, but it't super ugly. I'm not trading that one.
Trade closed: target reached:
I was going to post the bullflag forming, but when I was posting I saw it broke it already downwards. Therefore I closed my trades. Looking for a better entry again. :-)
