We are now making the 3rd touch of the ascending channel and we have also rejected the resistance level, so price might break the channel to the downside.
But since this is a volatile market, it's safer to wait for confirmation, a 4h candle close below the channel would be great.
If we see a big rejection of the channel and a move to the upside, we can then look for a LONG entry.
Use your stop-losses and remember this is not financial advice.
But since this is a volatile market, it's safer to wait for confirmation, a 4h candle close below the channel would be great.
If we see a big rejection of the channel and a move to the upside, we can then look for a LONG entry.
Use your stop-losses and remember this is not financial advice.