Chart pattern: Break out
Entry: Immediately
Stop: 55$
Target: 61.50$
Risk/Reward-Ratio: > 2:1
Stopmanagement: Parabolic SAR daily chart default settings
Description: The price broke out of a trading range and is testing the former resistance level which now acts as support. The high volume from the break out is also confirming the long scenario.
Entry: Immediately
Stop: 55$
Target: 61.50$
Risk/Reward-Ratio: > 2:1
Stopmanagement: Parabolic SAR daily chart default settings
Description: The price broke out of a trading range and is testing the former resistance level which now acts as support. The high volume from the break out is also confirming the long scenario.