Intraday setup on the 45m timeframe, a couple of factors are in play:
1) 50 & 200 EMA's crossed (indicating a buy)
2) Price broke above neckline & its staying above as of now
3) 200 EMA & neckline providing dynamic and trendline support respectively for now
4) Descending channel squeeze in the process now
Waiting for a breakout.
Looking at a long breakout.
1) 50 & 200 EMA's crossed (indicating a buy)
2) Price broke above neckline & its staying above as of now
3) 200 EMA & neckline providing dynamic and trendline support respectively for now
4) Descending channel squeeze in the process now
Waiting for a breakout.
Looking at a long breakout.
