What's up guys!
I'm looking for buy setups as price is in a downward trend and approaches the lower trendline of the major daily channel indicated in Yellow
If you look on the larger timeframe you notice that price in overall bullish in the channel indicated by the upper and lower yellow line
Everything intersects and I fancy this classic setup , I'm waiting for the break of the green trend line to show the bulls taking control and see price head to the upper Side of the channel,
A cross of the EMAs will also be a good confluence , what do you guys feel ?
I'm looking for buy setups as price is in a downward trend and approaches the lower trendline of the major daily channel indicated in Yellow
If you look on the larger timeframe you notice that price in overall bullish in the channel indicated by the upper and lower yellow line
Everything intersects and I fancy this classic setup , I'm waiting for the break of the green trend line to show the bulls taking control and see price head to the upper Side of the channel,
A cross of the EMAs will also be a good confluence , what do you guys feel ?