You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 3.4103 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
If you’re long US Oil you should be aware that 62.9405 has just been breached – a level tested 3 time in the past
US Oil has broken through a line of 62.9405 and suggests a possible movement to 62.3590 within the…
Bulls aim for 3392.0074 after the Gold Spot triggered a bullish formation on the 1 hour chart
Gold Spot has broken through a resistance line. It has touched this line at least twice in the…
A Channel Down has formed, Brent Crude is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
Brent Crude is approaching the resistance line of a Channel Down. It has touched this line numerous times…