After just hitting the target of 0.30346 on a short position, I am now reversing my bias to a bullish one.
We have tested the long-term Daily trendline for the fourth time. If this holds up we can easily see price move swiftly bullish as it has done on previous occasions around this area.
Wide stop loss as we could easily spike down to the $0.29 level and reverse back up. Targeting $0.38. Risk/Reward - 3,55/1
Regular position placed at entry $0.30200. A quarter entry at $0.30077, micro entries caught at $0.30044, $0.29888, $0.29810 and $0.29789 on the downwards spike.
We have tested the long-term Daily trendline for the fourth time. If this holds up we can easily see price move swiftly bullish as it has done on previous occasions around this area.
Wide stop loss as we could easily spike down to the $0.29 level and reverse back up. Targeting $0.38. Risk/Reward - 3,55/1
Regular position placed at entry $0.30200. A quarter entry at $0.30077, micro entries caught at $0.30044, $0.29888, $0.29810 and $0.29789 on the downwards spike.