1. If price has a solid break to the downside it
could see a good downward move towards the
end of the range
2. If price breaks the downward trendline and
turns upward for a breakout with solid price
action then it'll most likely test the 50ema
3. If it doesn't break the range, with solid price
action there could be a long trade to the trendline
area and possibly beyond.
could see a good downward move towards the
end of the range
2. If price breaks the downward trendline and
turns upward for a breakout with solid price
action then it'll most likely test the 50ema
3. If it doesn't break the range, with solid price
action there could be a long trade to the trendline
area and possibly beyond.
Trade closed: target reached:
3 trading ops from this idea have played out so far and there might be a 4th in coming