Long position to the next horizontal level (25.64). Quotes are held in an upward trend above moving averages, MACD also indicates that the trend is continuing.
This is the idea for the Dmitry Solodin competition.
Great trade opportunity spotted by PKA on tradingview
RSI and MACD are both breaking 3 year highs on price action breakout.
From backtesting we know this often produces very explosive moves.
Suggested stop loss in $23-24 area
With all the turmoil in the political scene of Hong Kong has anyone been watching the stock market there? Price is now in the vicinity of prior support/resistance and a failure to hold means price will fall another 9% to the next level of horizontal support. The current candle, incomplete as it is, is an bullish inverted hammer which needs confirmation. Without...