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 114.2273 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
Gold Spot keeps moving closer towards 3345.4700. Will it finally breach this level?
Gold Spot is moving towards a key resistance level at 3345.4700. Gold Spot has previously tested this level…
Silver Spot breakout from a Triangle trade setup. Will it continue this trend to hit the target price?
Silver Spot has broken through a resistance line. It has touched this line at least twice in the…
Brent Crude – breach of price line that’s been previously tested numerous times before
Brent Crude has broken through 69.6375 which it has tested numerous times in the past. We have seen…