The price has met the middle of the channel (dotted line) and Trend A therefore, I expect a pullback to the $3600-$3700. Also, the nearness of the level $4000 is another confirmation for the pullback idea. $4000 is an important level and can act as a resistance.
I will enter when the pullback occurred. Stop-loss is around $3300 and the expected profit zone will be $4700.
If the price manages to pierce and stay above Trend A, then the scenario will change and I would wait for a pullback to Trend A.
I will enter when the pullback occurred. Stop-loss is around $3300 and the expected profit zone will be $4700.
If the price manages to pierce and stay above Trend A, then the scenario will change and I would wait for a pullback to Trend A.
Trade active
Trade closed: target reached