I will be looking for a breakout below the long term trend line
coming from the bottom along with the strong support level
around 20.00. It is important to wait for a pullback after the breakout in order to get as better risk – reward ratio as possible.
Stop Loss should be placed above the trend line
and last high to be created.
Take profit – first part you can cash out near the 20.00 level depending on your entry or slightly lower, final target near the bottom of the channel around 19.20 or so.