1. wait for it to retrace to the support level at 5.27, establish bullish patterns then go LONG
2. wait for it to breaks out of resistance at 5.83 , establish bullish patterns then go LONG
You can see the price pattern trending in a nice bullish channel and each time it reaches the lower channel, it bounces back nicely and it also gives late buyers an opportunity when it retraces at the upper channel as well.
2. wait for it to breaks out of resistance at 5.83 , establish bullish patterns then go LONG
You can see the price pattern trending in a nice bullish channel and each time it reaches the lower channel, it bounces back nicely and it also gives late buyers an opportunity when it retraces at the upper channel as well.
Comment:
anyone get in at the lower channel ? what a nice rebound and a sharp one indeed !