When taking a look at zoom on the weekly TF, we can see that it is currently trading at the bottom of a descending channel. When you look at how price reacts in this area, there's usually a bullish move to try to make a higher high. This is looking like a great entry for a long. Keep in mind, the overall trend is still bearish but there are opportunities to secure gains along the way.
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Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice.
Love it or hate it, hit that thumbs up and share your thoughts!
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice.