Pep_prtrading

Long, rising trend channel on the weekly chart

Long
LSE:UU.   UNITED UTILITIES GROUP PLC ORD 5P
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2
Hi all,

I only take positions on the daily/weekly chart when trading equity as they are not open 24/7 and I find my win rate is higher historically. I have taken this setup.

Reasons to go long

- 200 MA is being respected
- support at 889 level
- ascending channel touches support level at the 889 level
- candle on the 12/12/2016 broke above previous weeks candle ( pinbar )
- stop goes below the 200 MA

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