We had a monthly which has broken to the upside, we also had a pull-back and a correction in the daily time frame. At the same time we have a in formation in the daily frame. Upside is preferred if we break the yellow after another small pull back.
However if we go below the blue line, this would be considered as a fake break out and we going back to the once again, which then we will probably test the bottom again.
Liability Disclaimer : All trades posted here are my personal view of the market.
If your planning to use them as signal, do your own research first and you are responsible for your own entries, exit, profit and loss management.
Mongers Kit is complete traders toolbox, with all the data and news you need to have successfull trades. Mongers Kit is packed with features such as :
1) order flows in real time.
2) current open positions from 4 different brokers.
3) real time news update.
4) TV and Radio to your favourite channels (Bloomberg, CNN , , etc).
5) Dynamic sessions - see all the rises and falls in each session.
and much more, get your kit now at http://www.mongerskit.com
If your my follower, you get 20% discount on your purchase of Mongers Kit.
Contact me for more details.
broke out, upside prevails !