- Here we can see a short term recovery from the lows back to the 200 day MA
- We can see two bullish pin bars and an inside bar formation as price battles the resistance at the 200 day MA
- Should the price breakout from the formation and break above the 200 day MA we will enter a long position
- If price beats and then finds support above the 140 level (psychological round number) we will add to the long position.
- We can see two bullish pin bars and an inside bar formation as price battles the resistance at the 200 day MA
- Should the price breakout from the formation and break above the 200 day MA we will enter a long position
- If price beats and then finds support above the 140 level (psychological round number) we will add to the long position.