Trendline resistance breakout. (Confirmation of false breakdown)
Setup is ready for long.
1- Series of HH, HL --> Bullish Trend; Dow Theory
2- Above Trendline Support
3- Every time it hits trendline support, it takes upside movement
4- Biased: Bullish
Buy @ current level (164.4)
Buy after retest of trendline (162), confirmation of HL
Tight SL @ 153.25
or previous HL@ 145.4
Targets slightly below fib levels
TP1 @ 180.5
TP2 @ 187.5
or as per RR 1:2, 1:3
Ride the trend with trailing stop loss
Setup is ready for long.
1- Series of HH, HL --> Bullish Trend; Dow Theory
2- Above Trendline Support
3- Every time it hits trendline support, it takes upside movement
4- Biased: Bullish
Buy @ current level (164.4)
Buy after retest of trendline (162), confirmation of HL
Tight SL @ 153.25
or previous HL@ 145.4
Targets slightly below fib levels
TP1 @ 180.5
TP2 @ 187.5
or as per RR 1:2, 1:3
Ride the trend with trailing stop loss
