A volume diversion bar has formed on the daily chart. Fractal is above the 13ema and price has pushed into the high/low 5ema channel without crossing the high. Price is above the 200ema and RSI above 50, which tells us this is an up-trending market. The first target is the last fractal high or a volume diversion bar to the downside. A stop will be placed below the prior daily candle 13-01-2021. Enter on today's candle 14-01-2021. Good luck!
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Price targets are just a guide. Please watch for a change in market sentiment!
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Target !.
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Comment: If angulation remains strong - doesn't slip between dashed lines and price pulls further away, remain in the trade! angulation is very important! This could be a widening wedge pattern and could actually see price slip to the downside. Take profit and move your stop loss up at the end of each daily candle.
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Move your stop to breakeven!
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4hr
Trade closed manually
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All trades are still active. Ignore the comment above -
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Trade closed: stop reached