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POG back at channel support

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POG is back at the short term channel support so I'm long again on this but with a tight stop just below the recent low of 128.2p. I have concerns about this trade but the stop position is good so it offers a good risk/reward if it plays out.

My concerns are due to it's bear flag appearance (as highlighted by Gary in previous comments) and it's failure to reach the target and hold a 123-low breakout on two occasions. If it breaks down and my stop gets hit I may even reverse position and go short but I'll decide that later.
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Guest Wednesday, 17 August 2022