7060 Head and shoulder breakout

Reason for long
1. Market structure - bullish
2. Consolidation before the Breakout : 3 month consolidation
3. Support-Resistance levels: Entry near support
4. Supply-Demand zones: Demand zone as evident by volume
5. Location of 200MA or 200EMA: flat
6. Overlap with a Fibonacci level : entry near 0.382 breakout level
7. Candlestick pattern and the size of candles : bull candle
8. Chart pattern: Head and shoulder pattern
9. Volume expansion: vwap support

Trade geschlossen: Ziel wurde erreicht