If the bulls are able to hold the market above the previous swing low within the uptrend around 157.00, the market is likely to continue trending higher into the 162.50 . This provides continuation traders an opportunity to position long at support with stops behind the the invalidation point looking for a move up to the 162.50 . If entering at the front of the there is a 1.5:1 reward to risk. For better reward to risk a trader can wait and enter deeper within the closer to the invalidation point.
Aggressive traders may choose to enter on a limit as price enters the , while more conservative traders can monitor price as it enters the zone for their particular entry signals.