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 16941.1122 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
Breach of support could mean a start of a bearish trend on UK100
UK100 has broken through a support line. It has touched this line at least twice in the last…
AUS200 keeps moving closer towards 7772.0000. Will it finally breach this level?
A strong support level has been identified at 7772.0000 on the 30 Minutes AUS200 chart. AUS200 is likely…
There is a possibility of a big movement on NAS100 after a breach of the support
NAS100 has broken through a support line. It has touched this line at least twice in the last…