Price finally breakout of buyers trend line around 80.083 pushing for a possible sell position with the buyer trying to contest the breakout region.
A bullish Shark has formed up I will go long once market open, my Initial Stops and Target as listed. If you like to have better reward:risk you have to wait for the price retrace back to point D to engage the trade, significant adjustment, the disadvantage is that you may miss the trade. If you wish to receive should trade-ideas in a more regular basis, join...
I think price is at a critical trend line, zone and a retrecement because of the channel, i expect price to fall to the 38% retracment or to the daily trend line that is formed because of the ascending triangle.