This channel seems solid. If the price hits the resistance line, wait for the slight bounce and go short. Ideal entry would be in the green circle.
However, this is valid only after the GDP release (orange vertical). Don't initiate any trade before that.
*Price doesn't have to move exactly according to my arrows.
What's important is to hit the resistance line after the GDP release and bounce back down a bit. RSI must be overbought with Stoch preparing to go down.
~2 hours
However, this is valid only after the GDP release (orange vertical). Don't initiate any trade before that.
*Price doesn't have to move exactly according to my arrows.
What's important is to hit the resistance line after the GDP release and bounce back down a bit. RSI must be overbought with Stoch preparing to go down.
~2 hours