long set up
- bullish cypher
- expect a final push up to the next daily resistance next week before FOMC
- stop loss and entry around a strong support zone
- even if it breaks the support zone I won't assume a bearish trend until the Daily chart suggests it.
- rsi is still bearish
- just like before, I will wait for confirmation before entering this trade since the 200ema may act as resistance before a continuation to the upside.
- all the best!
- expect a final push up to the next daily resistance next week before FOMC
- stop loss and entry around a strong support zone
- even if it breaks the support zone I won't assume a bearish trend until the Daily chart suggests it.
- rsi is still bearish
- just like before, I will wait for confirmation before entering this trade since the 200ema may act as resistance before a continuation to the upside.
- all the best!
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