Identical setup to my Aug 6th call that resulted in 70% profit. Strong support at EMA 50 and oversold on the Hourly. Possibility of news tomorrow or Friday. Stop loss under today’s low.
Trade closed: stop reached
⋅
Stopped out. News of another delay is unlikely to lift the price until next week.
I was thinking the hourly and 15min need a bit more "clean" before a bounce ... think we see it tomorrow or friday?
wealth_bakery
⋅
@FreeFluidMotion Another day of consolidation or further dip would not surprise me but this one often moves fast both up and down. News could hit at any moment as well.