This trade looks 50/50 to me right now.
Pro's:
Broken resistance level
In trend
structure levels for profit targets
Bullish RSI divergence
Cons:
Under the EMA's meaning the underlying market is bearish
The candle stick formation looks weak
I'm going to sit on my hands and wait for a stronger signal to buy or sell.
Pro's:
Broken resistance level
In trend
structure levels for profit targets
Bullish RSI divergence
Cons:
Under the EMA's meaning the underlying market is bearish
The candle stick formation looks weak
I'm going to sit on my hands and wait for a stronger signal to buy or sell.