Two possible scenarios that if they should occur i plan to take long positions.
Scenario 1 - Orange arrow
Price moves against Support level (lowest blue line)
Scenario 2 - Blue arrow
Price moves against center Support level (middle blue line). Moves under it and reclaims it.
Targets are the next big Resistance levels.
Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.
Thanks for reading!
trader_se