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BenToGo
May 7, 2023 3:38 PM

DUK Long with a resistance at ~97.00 Long

Duke Energy Corporation (Holding Company)NYSE

Description

I plan a trade at 97,48 just before the resistance zone at ~97.00. in the past, this zone was often confirmed and the course changed the direction there. We also have the 0,382 Fibonacci just in this zone, increasing the probability of a reverse in this area. The stop loss is placed below the resistance with a little bit of buffer to breathe. The take profit is placed below the upcoming trendline which can be a resistance.

Trade closed: target reached

The trade reached the take profit.
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