Technicals look very bullish on the weekly, daily and 4H chart as we broke and closed above the weekly resistance at $20. If price action meets your entry rules, you could enter anywhere in the range between the previous test of the lows at $19 and weekly support at $20. The only reason for concern is that on the weekly chart we might get a bearish outside bar this week so we might indeed pull back further than the $20 level. Personally I would look to enter in two positions. Finally, regarding targets in the short-term I would look for a retest of the recent highs near $21.36 and for target 2 I would take off the rest of my position at the next major resistance level at $24.
Kommentera
⋅
As expected price is holding in the support area. Now ready to retest those highs.
Kommentera
⋅
Almost no pain with this one, price is now in take profit area.
Kommentera
⋅
finish line reached.
Kommentera
⋅
Now I hope we can get a daily close above the previous high so that we could look for another trend continuation opportunity.