As we can all see, this a bullish pennant potentially forming. Price is currently at a very strong Support Line, so we'll be looking for bulls to be taking charge very soon.
You can drop down to the 1H/2H or even the 4H for a strong Confirmation to be buying (INTRADAY TRADES). However, if you're like me.... You'll also enter at the break and retouch of the bearish trendline for this will be a very high probability trade.
As nothing is promised. If price does decide to break bullish . We'll be looking for a retest and looking to be selling. However as price is still over the 20EMA on the monthly timeframe I'll be expecting a bullish break.
You can drop down to the 1H/2H or even the 4H for a strong Confirmation to be buying (INTRADAY TRADES). However, if you're like me.... You'll also enter at the break and retouch of the bearish trendline for this will be a very high probability trade.
As nothing is promised. If price does decide to break bullish . We'll be looking for a retest and looking to be selling. However as price is still over the 20EMA on the monthly timeframe I'll be expecting a bullish break.
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