Expecting price to move at least to height of the rectangle.
Supported by crossing of MACD.
Histogram in MACD although subtle also shows a higher high, reaffirming that this is a break-out.
Comment:
Meant to say reward-to-risk is lower*
Sorry!
Sorry!
Comment:
Box Height reached! Full take-profit can be done now.
Trade well!
Trade well!
On another note, I have just found out about the Long position tool which i find is better as the forecasting tool requires timing as well, which i think is very hard to do. I will be using the Long position tool more in the future.
Thanks, trade well!