as you can see in the chart. we have a Bullish flag forming after a nice rally. breaking out this flag will give us another pump.
you may enter as you see a confirmation on the 30min or 1hr chart.
our take profit point should be around that heavy resistince at 7600-7800.
you can also see an up trend where i expect the price to test a few times, you could use it to enter new trades.
a break below the trend is a good sign for losing bull momentum.
Good luck
you may enter as you see a confirmation on the 30min or 1hr chart.
our take profit point should be around that heavy resistince at 7600-7800.
you can also see an up trend where i expect the price to test a few times, you could use it to enter new trades.
a break below the trend is a good sign for losing bull momentum.
Good luck
Comment:
The price is not touching the blue -trend line which is something I do not like. it would be so HEALTHY to touch that trend line and bounce up from there. not only it it gives us potential buying signals, it also will confirm the STRENGTH of this trend line.
Comment:
As i Said , i did not like the price being too far from the blue trend line, and as a result we fill below the line and we may be heading straight to prev supports.
my strategy is to keep moving my stop loss to new higher-lows.
we have the blue trend line as our main support here. a break below that will take us to re-test 7200 area.