Long either on the breakout or handle formation. Odds of a breakout are high.
Trade active:
Filled at 146.67
Trade closed: target reached:
I am taking money off the table here for now. I have FULL intention of getting back in.
Position is up 430 pips overnight. We have a MAJOR WEEKLY breakout once today is over. My logic for profit taking here:
Short term resistance
618 from recent peak to trough
short term trend line break after the above two
I will update re-rentry
Position is up 430 pips overnight. We have a MAJOR WEEKLY breakout once today is over. My logic for profit taking here:
Short term resistance
I will update re-rentry
Comment:
Trade active:
Long again from 147.65. Took 1 whole month to re-renter long!
Comment:
Up 140 pips in 2 hours. No intention of selling the position anytime soon.
Comment:
I suspect a launch higher will follow through. I am long.
Either way, this is as legitimate as breakouts come.