I would be paying attention if it can break 690 with a buy order at 695 to capitalise on the break out. (upper two purple lines)
Stop loss at lower purple line.
Comment:
We've broken below the 20 and 50 EMA, but so far support has held.
I would wait until we break out of the descending channel AND then above the EMA before placing a trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I would wait until we break out of the descending channel AND then above the EMA before placing a trade.