Potential for a Long trade
Price looks to be approaching a couple of areas of interest
200 MA shows a gradual move up in line with the longer term uptrend line
Moving Averages (Purple and Red) look likely to crossover to reaffirm the up move
Since price has broke the counter downtrend line (and retested & rejected) it presents an opportunity to enter a long trade
Two Take Profit targets highlighted in yellow
Only remain in for the second target if price breaks the target 1 area and retests the support areas before then progressing up.
Price looks to be approaching a couple of areas of interest
200 MA shows a gradual move up in line with the longer term uptrend line
Moving Averages (Purple and Red) look likely to crossover to reaffirm the up move
Since price has broke the counter downtrend line (and retested & rejected) it presents an opportunity to enter a long trade
Two Take Profit targets highlighted in yellow
Only remain in for the second target if price breaks the target 1 area and retests the support areas before then progressing up.