Hi guys,
as you can see price is now testing a key resistance zone that in the past stopped the price from rising. Now it could turn into support for the new uptrend: therefore, i've lowered my timeframe and entered with a stops below the low, because you can see there's a small double bottom with RSI divergence and engulfing candle. Targets as shown.
If you have any question/doubt, feel free to ask.
Otherwise, see you in the next chart!
as you can see price is now testing a key resistance zone that in the past stopped the price from rising. Now it could turn into support for the new uptrend: therefore, i've lowered my timeframe and entered with a stops below the low, because you can see there's a small double bottom with RSI divergence and engulfing candle. Targets as shown.
If you have any question/doubt, feel free to ask.
Otherwise, see you in the next chart!
Trade closed: target reached:
First target hit! Stops to breakeven!