OGN has been within a parallel channel and seems to be respecting it well.
We now have 2 main areas where we can look for buys. Naturally the best place to enter buys would be at the channel support as there would be a clear invalidation level. The other place to look for buys would be the recent structure base that was formed.
Trade Idea:
- Watch for a bounce off from either of these 2 areas
- Enter with stops below the rejected price
- target the parallel channel resistance as targets
We now have 2 main areas where we can look for buys. Naturally the best place to enter buys would be at the channel support as there would be a clear invalidation level. The other place to look for buys would be the recent structure base that was formed.
Trade Idea:
- Watch for a bounce off from either of these 2 areas
- Enter with stops below the rejected price
- target the parallel channel resistance as targets