If market price closes above the Pivot high level, go long.
Action to Take: go long by entering stop entry order; or timing an entry based on short term charts with a limit order or market order.
Take Profit Level: 114865 Stop Loss Level: 114073
Total Risk of Account Equity: 2% or less
If close is above the Pivot high on the M60 chart enter a long order.
Action to Take: enter stop entry order at 72412
Take Profit Level: 72712 Stop Loss Level: 72285
Total Risk of Account Equity: Maximum 2%
If the level is reached, the trade should have good support from Pivot levels as well as daily Opening Range. All MAs should be pointing up at this time if the level is breached and stays above entry level.
Go long if the price confirms above key resistance level . The strength of the end of previous session move up and close above the Pivot High price warrants a close watch. Now, at time of writing with price above current session Pivot High level, price is showing continued strength coming into open of session.
We can see the reliable bullish chart pattern of the Teacup Saucer Bottom (aka Cup & Handle) provides a strong bias to the upside. The similar hammer candles indicate continuation to the upside, post retracement. A break above the saucer high with a confirming close above this price level for a few days, would demonstrate the probability of a move to test the...
The saucer bottom has been, in my experience, a very reliable bullish chart pattern. We want to continue to use appropriate trend following entry strategies of buying on strength. Therefore, you will want to go long on a breakout of recent highs. You'll want to leave plenty of room on your stop loss given the fast and volatile nature of this cross product. Look to...