The channel of up movement means one day it will break, and i believe 18740 has a great chance to be the end of this up movement. wait to see how the up trend line holds, the consolidation around this zone may offers many selling opportunities. so, i will
1. sell when i see the channel is broken
2. sell when the price is near 18740, where it can offer me a small stop loss.
Good trade.
1. sell when i see the channel is broken
2. sell when the price is near 18740, where it can offer me a small stop loss.
Good trade.
Note
i like the consolidation here , patient still, hold your horse till the last moment.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.