Looking at the hourly there is a clear downward channel formed. However we did see that the last candle breached the Bollinger field, so we could see a short term bounce slightly higher that the previous bounces we saw inside this channel.
Thoughts and opinions welcome.
Thoughts and opinions welcome.
Trade closed: target reached:
As expected we did see a stronger bounce from the bottom channel support to test the upper limits of the channel. Expecting to see a down turn from the upper channel resistance back down ( possible short) .