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Price is in Ascending Channel and currently testing the Mid Line support.
In case there is a confirmed retracement we can initiate a long position
If price goes to the Lower Boundary of an Ascending Channel we can also initiate a short position if there is a confirmed retracement.
Breakout of an Ascending Channel to downward and cross back into the Range will turn the price to be bearish
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Price is in Ascending Channel and currently testing the Mid Line support.
In case there is a confirmed retracement we can initiate a long position
If price goes to the Lower Boundary of an Ascending Channel we can also initiate a short position if there is a confirmed retracement.
Breakout of an Ascending Channel to downward and cross back into the Range will turn the price to be bearish
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.