How are we all feeling this fine Monday morning, since my last post about taking a step back and taking a breath the charts have only become more , after the 20ema crossed over the 50ema, we have had a nice long run, coinciding with a breakout of a on the hourly. We are so close to pushing out of the massive on the daily also, with the close coming up at 12:00utc in less than 2 hours, will we see a pump, I wonder how many are waiting in the wings to see how this plays out, cash in hand, ready to buy?
Either way, a decent breakout of the daily will see a good opportunity to long I have been long since crossover and will be watching carefully and not closing until a clear sign of reversal. Expect corrections and keep your stops below the last daily close.
I will try to keep things updated.
Thanks for dropping by, hopefully you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help.
Trader, Chart analyst and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.