We saw SYD breaking out of the Wedge and then test the Initial Resistance level of $6.20 and stalled. I think now it has retraced lower only to backtest the breakout zone (Wedge) and continue higher to retest Resistance level of $6.20 and then move higher to the next Resistance Level of $6.60. I am bullish on SYD and expect it to move higher and my targets are below:
TP1 - $6.20 (potential 6%)
TP2 - $6.60 (potential 12%)
Stoploss - $5.40
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
TP1 - $6.20 (potential 6%)
TP2 - $6.60 (potential 12%)
Stoploss - $5.40
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Comment:
Comment:
SYD progressing well and going according to plan. Expecting price to move further up!