As observed the price is moving in an ascending channel and this has been a buying opportunity whenever price has taken support on the lower band of the channel. Price since Feb 2016 has not been able to break the channel, taking multiple supports on it making a very strong support over time. It has also taken support at 50 day SMA. Also, lately the price has been contracting in a symmetrical triangle, awaiting a breakout.
Aggressive traders can enter the setup while conservative traders can wait for the confirmation of the break out of the triangle.
ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน
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Trade closed.
ความคิดเห็น
aks85
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How can I place the rectangular channel correctly after I have published an idea? Can't figure out why it got out of place.