GWB, with a history of retracement on 50SMA has recently bounced off it. Price is expected to play within charted channel.
With a bullish divergence on Stoch, a Bullish pinbar today will signal an entry.
Place entry stop order 3-5 cents above the Day high and 3-5 cents below the Day low for stop loss. TP near the top of the channel.
With a bullish divergence on Stoch, a Bullish pinbar today will signal an entry.
Place entry stop order 3-5 cents above the Day high and 3-5 cents below the Day low for stop loss. TP near the top of the channel.
Trade closed: stop reached:
Price broke the channel and hit our SL. Next trade!