Momentum to the downside today was great. It was slow and steady. A head and shoulders pattern with broken neckline was formed and now we have a neckline that needs to be retested - hence the long signal.
I am looking to go take profit but the neckline although it is likely for price to up a bit further than that.
All the best should you decide to take the trade. Good risk management should be practiced.
Good luck :)
I am looking to go take profit but the neckline although it is likely for price to up a bit further than that.
All the best should you decide to take the trade. Good risk management should be practiced.
Good luck :)