The chart is fairly straight forward, ive been waiting for this trend line to break for quite some time now!
Its finally broken above the trend and retested on lower TF and looks to be holding some strong momentum.
I took a LONG position when it broke the level and will be aiming for the .5fib for TP1(to be safe), and the 618fib TP2, and as far as the 786fib for TP3.
Its finally broken above the trend and retested on lower TF and looks to be holding some strong momentum.
I took a LONG position when it broke the level and will be aiming for the .5fib for TP1(to be safe), and the 618fib TP2, and as far as the 786fib for TP3.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.