In the middle section of the channel, second touch of the bottom trend line and respected the double bottom.
As we have now broke out of the dotted trend line, we can expect to enter on the correction of the smaller time frame, and riding this back to the double top and potentially the third touch of the channel before analysing how it reacts here for another set up.
As we have now broke out of the dotted trend line, we can expect to enter on the correction of the smaller time frame, and riding this back to the double top and potentially the third touch of the channel before analysing how it reacts here for another set up.
Commentaire:
If you have missed the setup, there is opportunity for a second entry as per below
The Safest being, break above double top and retest, alternatively it could just shoot off, so a buy limit above the bull flag is also an entry, depending on you risk appetite
The Safest being, break above double top and retest, alternatively it could just shoot off, so a buy limit above the bull flag is also an entry, depending on you risk appetite
Trade entered