Short term trades
If we stay inside the triangle on the 15 minute TF, look to long a breakout with TP at the magenta trend line 11560
TP at the 23.6 fib 11750
TP at the purple trend line 11900
look for lack of volume on the breakout and use stops in case of fakeout
If we drop out of the triangle short
TP 11200
then watch for bounce and retest of 11300
If this happens and volume supports the price
I will be looking to long 11150 - 11250
watch for support on 100MA around 11170
TP where the cyan dashed line crosses fib or trend lines
11420
11480
11560
11750
11900
Not financial advice, just potential setups
If we stay inside the triangle on the 15 minute TF, look to long a breakout with TP at the magenta trend line 11560
TP at the 23.6 fib 11750
TP at the purple trend line 11900
look for lack of volume on the breakout and use stops in case of fakeout
If we drop out of the triangle short
TP 11200
then watch for bounce and retest of 11300
If this happens and volume supports the price
I will be looking to long 11150 - 11250
watch for support on 100MA around 11170
TP where the cyan dashed line crosses fib or trend lines
11420
11480
11560
11750
11900
Not financial advice, just potential setups
Trade active:
Long active.
FIrst TP hit
Currently wicked past the Magenta trend line.
Put stop in profit
FIrst TP hit
Currently wicked past the Magenta trend line.
Put stop in profit
Comparison with previous breakout from 8400