🔥 BAND Channel Break-Out

٨ مارس ٢٠٢١

BAND has been trading in a horizontal channel for more than two weeks now. The current bullish move found a strong resistance around the 14.50 area. Assuming the move will continue in the near future, wait for the price to close above the entry line to trade this break-out.

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!