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Hey, traders.
I suggest we take a look at some interesting long paper.
What's on the chart:
1. A strong mirror level, formed on January 15th.
2. The level is confirmed several times by taps and false breakouts.
3. Since June 23, we start consolidating under the level.
4. After the false breakout on July 23rd, the paper did not go down.
5. After another false breakout on August 11, we did not go down again, and the paper was moving up.
6. On August 19 and 20, there were breakups. We're out of the channel, and I'm expecting volume realization.
According to my trading strategy today, I expect the bar to get fixed and to go long.
Trade closed: target reached:
there was no entry point in my trading strategy, however, the direction is correct. I put + to idea.