Here is a spot I have been waiting for since the $16.0 rejection level (big absorption of the buyers on the top).
Same mecanique as my EUR/USD swing position previously with a smooth spot at $10.0 psychological and technical level of interest.
First breakdown of the level with then a new high as high as the previous one (little bit higher) for then a retest of the $10.0 with strong rejection pattern/candle, confirming my strong conviction for an entry (also a double bottom).
My biggest optimistic target will be $25.0 with a 150% gain potentially.
On the break of the $11.50 level noted on the chart, my conviction will keep growing as we are forming a new uptrend chart.
Great Trade !
Same mecanique as my EUR/USD swing position previously with a smooth spot at $10.0 psychological and technical level of interest.
First breakdown of the level with then a new high as high as the previous one (little bit higher) for then a retest of the $10.0 with strong rejection pattern/candle, confirming my strong conviction for an entry (also a double bottom).
My biggest optimistic target will be $25.0 with a 150% gain potentially.
On the break of the $11.50 level noted on the chart, my conviction will keep growing as we are forming a new uptrend chart.
Great Trade !