Panjang
CHSB - waiting for a breakout
CHSB broke the trendline from the 17th April upwards.
But seems to have found support around the .50 re-trace. If that fails, then i suspect we will test the 1.20 zone again. if we fall back to there might be a good place to open a long position if we bounce well of that line.
What I am looking for however is a break out of the current resistance line, we break out on the 4hr and confirm support there on a lower time frame (1hour, also possible lookingg at the 15 minutes to see what the bulls are up to). I will look to take a trade then and expect we'll head back to the 1.55 zone where i'll take some profit.
Breaking out of the 1.55 zone, i expect we'll head straight to $2.00 rather quickly
But seems to have found support around the .50 re-trace. If that fails, then i suspect we will test the 1.20 zone again. if we fall back to there might be a good place to open a long position if we bounce well of that line.
What I am looking for however is a break out of the current resistance line, we break out on the 4hr and confirm support there on a lower time frame (1hour, also possible lookingg at the 15 minutes to see what the bulls are up to). I will look to take a trade then and expect we'll head back to the 1.55 zone where i'll take some profit.
Breaking out of the 1.55 zone, i expect we'll head straight to $2.00 rather quickly
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.