Northam has broken out of a trendline that has constricted the daily price movement since August the 12th. In the coming week we are looking for the following:
1. Price to reverse & backtest the green trendline
2. Make a swing low
3. Buy on confirmation of the swing low
4. Take profit on swing high around R190 resistance
5. Re-entry when pullback makes a swing low & take all profit on next swing high
1. Price to reverse & backtest the green trendline
2. Make a swing low
3. Buy on confirmation of the swing low
4. Take profit on swing high around R190 resistance
5. Re-entry when pullback makes a swing low & take all profit on next swing high
Trade closed manually
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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.
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.