As you can see we have a nice number of touches to the lower trendline and this gives me confidence that this will act as a support line for price to retrace upwards within the channel.
A good setup is to wait for the indicies markets to open next week (depending on your brokers trading hours) and place a small trade long setup with stop below the lower trendline. The midpoint in the channel is a good profit target and coincides with some resistance.
A good setup is to wait for the indicies markets to open next week (depending on your brokers trading hours) and place a small trade long setup with stop below the lower trendline. The midpoint in the channel is a good profit target and coincides with some resistance.
Comentário:
For exciting features coming to my website, please sign up to my website where I'll be releasing a ton of features for traders in the early part of 2016: www.ejfxtrading.com