Channel trade ahead

19 Ağu 2017

Even though we are kind of in the middle of that channel, you should either keep an eye on it, or wait for two more candles to give an unambiguously signal to be sure the downtrend continues.

22 Ağu 2017

Not

I hope you waited those 2 candles ;-)

Now we have one more option, if the price breaks the resistance on top, we might have a breakout soon. If not, we do have a nice channel to ride. Although that channel had 7 bounces already. Thats why we should be careful at this stage.