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...