In the past it was a nice up and down between the top and bottom of this channel. According to this, it should go up again. And a tiny, microscopic green candle has formed already.
For now, I will wait for the price to give me a stronger sign that it will rise, and then enter my position. But I am 99% sure it will happen.
Stop loss is easy on this one, bottom of the channel.
TP is close to the top of that channel, for conservatives. Or you go to the top of that channel, but I am always a little sceptic about extreme points.
Safe trades to you!
If you look at the period between 02.09 and 03.12 there was a long sideway move before it started, that could repeat as well...
So, I am positie we will have our signal this week.
Trade what you see, not what you think