channel is our key element
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price is moving into the channel right now and I expect this
pattern works for a while. whit this set up my first guess is that
price test the bottom line and bounce back, at this case my order
position would be long.
in the case of closing below the baseline or the channel, trend may
turn to bearish. so as long as price holds the channel it's bullish.
main support and resistant levels in both case are on the chart.
Enjoy the market
pattern works for a while. whit this set up my first guess is that
price test the bottom line and bounce back, at this case my order
position would be long.
in the case of closing below the baseline or the channel, trend may
turn to bearish. so as long as price holds the channel it's bullish.
main support and resistant levels in both case are on the chart.
Enjoy the market
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our trade strategy completed.
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