Higher risk since we're in a downtrend, but could be worth.
Support line 0.879 cracked but the price quickly turned back. Lets say the price continues up and breaks the channel resistance (blue circle) corrects back to support line 0.879 and bounces back up again. That can be a great spot to go long (green circle).
It doesn't have to play out exactly according to my arrows. What's important is to break the channel resistance and bounce @ 0.879 support.
- intraday
Support line 0.879 cracked but the price quickly turned back. Lets say the price continues up and breaks the channel resistance (blue circle) corrects back to support line 0.879 and bounces back up again. That can be a great spot to go long (green circle).
It doesn't have to play out exactly according to my arrows. What's important is to break the channel resistance and bounce @ 0.879 support.
- intraday