Breakouttrade
Entry: Closing price above 147.20$ in combination with a high volume
Stop: 143$
Stopmanagement: ATR Stop daily chart default settings
Description: The price is approaching a significant resistance level which already happened in late 2020 where it was rejected from it. Although it closed above it the low volume indicated a false breakout. The trade will be entered if we close above the resistance level in combination with a high volume.
Entry: Closing price above 147.20$ in combination with a high volume
Stop: 143$
Stopmanagement: ATR Stop daily chart default settings
Description: The price is approaching a significant resistance level which already happened in late 2020 where it was rejected from it. Although it closed above it the low volume indicated a false breakout. The trade will be entered if we close above the resistance level in combination with a high volume.