🔥 RSR Channel Trade

RSR has been inside this channel for almost three weeks now, seeing some quite decent returns during that time. This trade is based around the idea that the channel will hold.

Since the short term trend is edging bearish, we'll place our Entry point around the area where I'd expect the price to touch the trend. Wait for the price to touch the entry line before entering.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!