You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 110.7991 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
Brent Crude heading towards a price it has tested 7 times in the recent past.
Brent Crude is moving towards a line of 73.3715 which it has tested numerous times in the past.…
Natural Gas formed a Triangle on the 4 hour chart. Retest of resistance in sight.
Natural Gas is approaching the resistance line of a Triangle. It has touched this line numerous times in…
Silver Spot likely to test 30.7100 in the near future. Where to next?
The price of Silver Spot in heading back to the resistance area. It is possible that it will…