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 38.2470 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
BTCUSD is approaching 87008.0781. We expect either a breakout through this line, or a rebound.
BTCUSD is moving towards a line of 87008.0781 which it has tested numerous times in the past. We…
An unexpected large move has occurred on ETHAUD Daily chart! Is this a sign of something new? What can we expect?
An unexpected large move has occurred on ETHAUD Daily chart beginning at 4428.42 and ending at 2974.24. Is…
Important resistance line being approached by LTCEUR. This price has been tested numerous time in the last 8 days
LTCEUR is heading towards the resistance line of a Channel Down and could reach this point within the…