The market bounced from Bollinger Band
and moved to the support level
. Now we have a situation which can't give clear direction for possible trades. We have the trend line
which can be a barrier for up movement and our long trades. We have the support level
which can stop price also. What should we do in such situation? I think the best way is to wait for the moment, when price breaks the trend line
and open long trades or breaks the support level
and open short trades. Indicators must confirm price movement. Trades should be opened on hourly charts and if we open long trades our profit target is 50 level. For short trades we'll have good price movement and targets.