This will probably turn out to be a very risky trade but EG is nearing resistance and has broken a steep trendline on the 1h. It failed to break above a level, so could create a double top, which lines up very nicely with a descending trendline on the 4h.
I'm trying to learn to not enter trades too late so I've gone for 2 smaller positions here. One is an early entry and one is a later one anticipating a move into the orange box.
I'm trying to learn to not enter trades too late so I've gone for 2 smaller positions here. One is an early entry and one is a later one anticipating a move into the orange box.