Market Structure : Uptrend (based on the Weekly and Daily Candlestick Pattern) Area of value : Resistance area (at the upper Triangle resistance line) or at Fibonnaci level 0.382 support level (where the candle lingers at 0.382 and rejected the support at 0.50. Strategy : Bouncing Strategy (Swing Trading, Short Term) Entry Price : TBC Stop Loss : TBC Exit Strategy : Trailing Loss (following 50EMA). Or to look out for if the uptrend losses its momentum (lower swing high, and lower swing low)
Based on my analysis, it might trade at a breakout within the next few days. To wait for price confirmation within 1-2 days to see if it breakout at USD65.00.
PS: Anyone who see this, please note that this is just a trading idea for short term. I am still learning with all these technical analysis, so appreciate if you could highlight to me the area which you find disagree with. Anyway, happy trading!
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