Slowly building up for a breakout to the upside. If this continues, we should see the bearish candles get smaller, the sequence of higher lows continue and the 20EMA start to hold price above it. Patience is required.
Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
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Entry can be at the point of breakout or you can wait for a retest.
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I took half position at breakout and waiting to see if it pulls back for my other half. Trade is going well so far.