Past Levels of Resistance providing Support?

If the past levels of resistance marked on the chart remain strong, holding, they may provide a level of support to the current retracement, proving a nice move to the upside. Entries are marked on the chart with STOP being the red line. Note this STOP should be adjusted to the lower that will be left once price resumes its uptrend. Entry is shown by Green line and TARGET by the light Green line.

Trade geschlossen: Ziel wurde erreicht:

This trade is now over. Target hit and waiting for another set up.