🔥 ALPHA Channel Reversal Trade

If zoom the chart further out, you can see that ALPHA is currently trading inside a massive channel. At the moment, I've got a long-term ALPHA trade running which trades that exact massive channel, see below:

This trade is of a more short-term nature. The trade I'm currently presenting is solely based on the idea of a quick reversal of the price once it hits the lower support of the channel. Wait for the price to hit the Entry line before entering a trade.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.

Happy trading!