We will be keeping a close eye on this trade and you should also, this is only analysis and not a signal.
As we can see from the chart that price has been respecting our daily trend line ( TL ) for months now with each retest of this TL coming from a bounce off strong support but then breaking this support.
Now price has just recently bounced off another key support level and is heading back up to our TL so we are watching to see if price bounces off our TL and breaks through support with bearish power or if price can finally break our TL, because if this happens then price could make an explosive bull run.
If price breaks our TL then I'm getting a divorce from my wife and running off to a Caribbean island with a younger woman ;p as this trade will be able to fund that.
So just keep checking this trade next week to see what happens... don't go chasing the trade... let the trade come to you, and maybe that younger woman will come with it ;p
As we can see from the chart that price has been respecting our daily trend line ( TL ) for months now with each retest of this TL coming from a bounce off strong support but then breaking this support.
Now price has just recently bounced off another key support level and is heading back up to our TL so we are watching to see if price bounces off our TL and breaks through support with bearish power or if price can finally break our TL, because if this happens then price could make an explosive bull run.
If price breaks our TL then I'm getting a divorce from my wife and running off to a Caribbean island with a younger woman ;p as this trade will be able to fund that.
So just keep checking this trade next week to see what happens... don't go chasing the trade... let the trade come to you, and maybe that younger woman will come with it ;p