Just a simple play in an upwards channel
Only issue I have is is that there is rejection on the bottom of the channel.
Taking a closer look we see some bullish
divergence meaning it wants to go in.
I would not enter the trade until I see it enter back into the channel and it has a nice wick on the hourly indicating clear rejection of bottom of the channel. A nice risk to reward play that can take as little as 5 days to complete!
Only issue I have is is that there is rejection on the bottom of the channel.
divergence meaning it wants to go in.
I would not enter the trade until I see it enter back into the channel and it has a nice wick on the hourly indicating clear rejection of bottom of the channel. A nice risk to reward play that can take as little as 5 days to complete!
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Entered at 3.9. Good luck to other people following this :)