If price breaks above B wave then enter trade long up to resistance.
Price is in an ABC pullback as can be seen, we want confirmation that price will continue up, this confirmation is the break of B wave, however needs to watch price as we can see if struggling on the weekly 200ema.
Be patient and wait for the break
Price is in an ABC pullback as can be seen, we want confirmation that price will continue up, this confirmation is the break of B wave, however needs to watch price as we can see if struggling on the weekly 200ema.
Be patient and wait for the break
Comment:
Didn't get the break through B wave so trade was not entered.
Order cancelled:
Not break for B wave and price has fallen away therefore we did not take this trade