Citydev broke down form a bearish H&S formation just 2 weeks ago and with the extremely bearish market sentiment this week, slammed into a support area (horizontal mid term support plus a long term trendline) and closed just above the supports. Looking to long it next week just above today's close at 8.28 with a Stop a few pips below the last low at 7.88 and then trailing my stop upwards as it heads towards an initial target of 9.20 (38% fib retracement up).
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you :)
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you :)