On the chart we can see the price is consolidating inside the falling wedge.
We expect that the price breaks above the downsloping support and when that occurs it would be the entry for a long position.
In order to avoid false breakout, look for the volume increase.
The target is shown on the chart.
We expect that the price breaks above the downsloping support and when that occurs it would be the entry for a long position.
In order to avoid false breakout, look for the volume increase.
The target is shown on the chart.
Trade active:
After the successful breakout , the price continues higher. Wait for a target now
Comment:
so far so good
Comment:
taking profit now but still more upside
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