1 Hour Timeframe Channel-The Bull is Still Going Strong!
There is a channel on the 1H timeframe that I think it might give a signal that the bull is still ongoing. As the stochastic level was in line with the bounce, we can say that the trendline is strong.
If we look at the chart, the move is still in the middle of the channel suggesting the move might go up or down.
As the resistance level is also drawn on the picture, I am going to take a buying position if the pair crosses the level. If not, I am going to wait until it reaches the channel line.
Happy Trading!
If we look at the chart, the move is still in the middle of the channel suggesting the move might go up or down.
As the resistance level is also drawn on the picture, I am going to take a buying position if the pair crosses the level. If not, I am going to wait until it reaches the channel line.
Happy Trading!
עסקה סגורה: היעד הושג