Presented is the 1 hr chart. A clear ascending channel is in play with high volume buy/sell swing trades. This is a perfect scalping channel to gain profits off a current volatile market.
Look for buy and sell opportunities from supports and rejections. A significant breach out of the channel may sentiment a new direction pattern.
Current position is set up for a sell looming at the top of the channel.
Please comment with thoughts and ideas. Thank you.
Look for buy and sell opportunities from supports and rejections. A significant breach out of the channel may sentiment a new direction pattern.
Current position is set up for a sell looming at the top of the channel.
Please comment with thoughts and ideas. Thank you.
Trade closed: target reached
TP reached both targets
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.