a strategy that works in all markets as our money will always be working for us.
In early August 2020, price broke through a major level of resistance and is not looking back.
The trend that has been established is moving better than we could have imagined and this usually
happens when investing.
Assets will tend to trigger a position and then over time, the movement speeds up unexpectedly.
This is why we want to remain in a trend unless there is a good reason to exit.
The main reason we would exit would be if the trend has come to an end and this should be
stated in your Trading Plan.
Price has climbed 16.62% since breaking above resistance and we are seeing an extra thrust this week.
Momentum is good but we have to remember that it will not last so we need to be prepared to collect profit
and not give it all back to the market.
The next level we want to see price move towards is the 9.0000 round number.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
We appreciate the positive feedback.