look for the breakout, a Nice channel that are building up a lot of tension, once the break out we should have a nive move.
Look at the chart analysis and let me now what you think
Komen
danishshah
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On higher time frame its very strong s/r
itrade2win
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It haven't broken true yet, it can go either way, and i think a breakthrough pull back continuation strategy here could be rewarded. But the overall picture looks like another downward move, if i compare the 2 hour chart you would se another trendline breakthrough, and a lower high lower low formation. But again, that´s why we look for the breakthrough for an ekstra strong conformation.
danishshah
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look previous bullish candle isn't it very strong ?
itrade2win
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it´s a bullish engulfing candle yes, but we have already gone below that one, witch i think means it´s not gonna be respected. Leets see. :-)