This stock has been ranging for a while and now bulls are back at it by showing buying pressure at current support. This would be a buy and hold trade for me. I am buying now and just holding it, no target.
Price came back down to re-test broken resistance and now I see some bullish activity forming. My decision to go long is after seeing a bullish engulfing candle form at this level which also lines up with the 50 FIB level. I am going long and targeting previous resistance.
I am going long after seeing on this current level some bullish candles forming. I am going long after seeing a bullish engulfing candle on the 6 hour chart. Right now I am targeting previous resistance.
Because it is Friday I am not entering this trade. I do like this setup though as price broke past Daily support and is now re-testing the current level, failing to make it's way back up. We could see further USD weakness in the days ahead so I will be keeping my eye on this pair and hopefully enter early on Monday.