After 2 weeks in the eternal range we've finally broken out.
Unfortunately I missed the long off the touch at the bottom of the range but now i'm waiting for another setup opportunity
4hr RSI is currently oversold so I am either looking for,
1) Retest of the top of the range before a move to the historically strong diagonal resistance
2) Short consolidation and a faster move up to the diagonal with a rejection then down to a long entry
If this diagonal is broken and support is found, we are on for a big bull run in the last few months of this year
Unfortunately I missed the long off the touch at the bottom of the range but now i'm waiting for another setup opportunity
4hr RSI is currently oversold so I am either looking for,
1) Retest of the top of the range before a move to the historically strong diagonal resistance
2) Short consolidation and a faster move up to the diagonal with a rejection then down to a long entry
If this diagonal is broken and support is found, we are on for a big bull run in the last few months of this year
Trade active:
Easy entry on that wick! Now aiming for a target at the red resistance