The pro's of being stuck at a conference all week at work and away from the charts. May have missed the entry here, but will see how how the next few days play out. Would like to see choppy sideways/slightly downward movement towards the longer upward trend line. If I get this, I'll start a position with my stop just slightly below it's last strong upward movement. Depending on it reacts to its longer term upward trend line will decipher if we look for a simple backtest of previous support/now resistance or we shoot for something higher.
**Please trade at own risk**
**Please trade at own risk**
Trade closed: target reached:
Nice easy trade. Wouldn't be surprise if it has another choppy move down to hit its upward trend line.