Price has been moving in this channel. Support has been reached and a pennant has formed on the 1H at this key area.
If price breaks and closes above the pennant & the SMA21 and EMA8 cross then i'll be taking the long trade.
I'll be placing my first target just before the strong resistance level, if this is broken then there is potential for price to climb to the top of the channel.
What is your thoughts on this analysis?
If price breaks and closes above the pennant & the SMA21 and EMA8 cross then i'll be taking the long trade.
I'll be placing my first target just before the strong resistance level, if this is broken then there is potential for price to climb to the top of the channel.
What is your thoughts on this analysis?