Daily reversal candle in combo with a bullish wedge, seems to be a good ingredients to try a long here. I am going to wait a bit to see a bull flag form before getting into this one.
Note
So far so good, there is still some resistance, which looks like a neckline of a inverse H&S. I am moving stops to today's low, minimizing the risk, because if the H&S plays out, we should not break today's low anymore. Note
I am quite surprised to see the daily reversal candle getting invalidated so easily. Very rare, but this shows it can happen. But we have Mr Trump to thank for this, moving all the financial markets in the world. Glad i moved the stops a bit higher so the damage is quite small.
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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.