A new month and a new week has seen some profit taking, as we have moved down the channel shown here
Since US market open we have touched the top and the bottom of the channel, and we are currently going for a re-test of the highs, but without much conviction. There is an opportunity here if we can break this channel to the upside, or perhaps we will remain in downward consolidation for the rest of the day.
Watching for a break. If we break above the top and it is confirmed by close of a 5 minute candle, I will look to go long on any pullback.
It's taken me so long to go through Tradingviews verification system to get this published we have now broken the channel - So looking for long opportunity on retest of top channel line for 5 point target
This is my first post on Tradingview, so just getting used to the platform,