Burford Capital bouncing off support

BUR is retesting support which is the top of the previous consolidation zone.
As price was in consolidation for such a long time it would be wise to only take a trade once we have a breakout.

Overall the Monthly, Weekly and Daily timeframes are bullish so there is no need to force an early entry,
we just need to sit back and be patient and the opportunity to enter will arrive soon.

There are times to enter pullback trades but not so soon after a period of consolidation. The reason for this is because
price can easily decide to return back into the consolidation zone.

We should know soon enough if the support level can hold.


Any comments or questions, do not hesitate to leave them below.

Sublime Trading