🔥 ASR Bullish Channel Trade

ASR has been trading in this channel since early 2021, currently making it's way down again. I've placed my entry order around the previous local low. The idea here is that ASR will make a small dip and then continue its path upward and follow the channel.

Before entering this trade wait for the price to touch the Entry line.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!