A break of the resistance line with force will cause a bullish trend up to Point D.
If that happens, a high probability entry is at point D, which is a potential reversal area. A Take Profit can be placed at 61.8% (TP1) and / or 127.2% (TP2). You can also target points B (conservative approach).
Put a stop loss in compliance with your risk management rules.
If that happens, a high probability entry is at point D, which is a potential reversal area. A Take Profit can be placed at 61.8% (TP1) and / or 127.2% (TP2). You can also target points B (conservative approach).
Put a stop loss in compliance with your risk management rules.