The price made a bullish breakout out of the symmetrical triangle formation. As the RSI gets overbought I am looking for a smaller bearish pullback towards the highs in the triangle indicated by the support line on the chart.
A conservative way to trade this would be to put an order in on a touch of support. A more aggressive approach would be going into the trade now with a stop loss just below the support line.
A conservative way to trade this would be to put an order in on a touch of support. A more aggressive approach would be going into the trade now with a stop loss just below the support line.