I will be looking for a breakout below the long term trend line coming from the bottom along with the strong support level around 20.00. It is important to wait for a pullback after the breakout in order to get as better risk – reward ratio as possible.
Stop Loss should be placed above the trend line and last high to be created.
Take profit – first part you can cash out near the 20.00 level depending on your entry or slightly lower, final target near the bottom of the channel around 19.20 or so.
Stop Loss should be placed above the trend line and last high to be created.
Take profit – first part you can cash out near the 20.00 level depending on your entry or slightly lower, final target near the bottom of the channel around 19.20 or so.
