Havent traded this for quite a while and as a result missed this entry opportunity.
This had been bearish for quite some time and if you go back on my posts you will find the great short i called down to $44 a few months back.
We recently had a move back up and broke resistance before forming a triangle pattern as we struggled for continuation momentum off the retest. We have now had a breakout long here with a textbook break, retest, continuation on the 4HR chart.
Price is now heading to $53 resistance so will just keep an eye out for any opportunities to get in on the trend up.
This had been bearish for quite some time and if you go back on my posts you will find the great short i called down to $44 a few months back.
We recently had a move back up and broke resistance before forming a triangle pattern as we struggled for continuation momentum off the retest. We have now had a breakout long here with a textbook break, retest, continuation on the 4HR chart.
Price is now heading to $53 resistance so will just keep an eye out for any opportunities to get in on the trend up.