KSM is in a good configuration to open a long position:
- MA50 reversal
- Break of continuation triangle pattern
- There is a big MA Spread between MA50 and MA200 wich can represents oversell prices.
Requirements to open the position:
- Break the pattern in H4 (closed!)
- Optional: wait a retest on the triangle to get a better entry
Targets:
- Resistance at 270-285
=> at this price the ma spread would be smaller.
Stops:
- Exit if prices break the ascending trend (closed)
Good luck
- MA50 reversal
- Break of continuation triangle pattern
- There is a big MA Spread between MA50 and MA200 wich can represents oversell prices.
Requirements to open the position:
- Break the pattern in H4 (closed!)
- Optional: wait a retest on the triangle to get a better entry
Targets:
- Resistance at 270-285
=> at this price the ma spread would be smaller.
Stops:
- Exit if prices break the ascending trend (closed)
Good luck