We have ranged before in this channel, we wil be waiting for a break out !
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We have reached the top of the channel and now we're heading to it's bottom if the analysis is correct !
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Opened a short on 39,930$ The volume is not convincing ! SL 41,120 TP on the bottom of the channel, taking partial 50% at 1,5 RRR and advancing my SL to my entery!
Def not a financial advice !
Def not a financial advice !
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TP was hit, closing trade and waiting for a double bottom on the 5mn TF to long !
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Opened a long after forming a double bottom on the bottom of the channel
ENTERY : 39471
SL : 39173
TP : the top of the channel = 39933
ENTERY : 39471
SL : 39173
TP : the top of the channel = 39933
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I advanced my SL to my entery and sadly it got hit earlier before it continued ti rally! Remarkably we still in the channel and still trading sideways !
A fakeout will probably happen to one side before continuing to rally in the opposite direction.
#Not a financial advice!