BTU/USD Ascending channel breakout: Buy setup targeting 99,000

28 Apr

The market is trading within a clear ascending channel, indicating a steady bullish trend. Price has recently bounced from the channel support around 94,000, showing signs of continuation higher. A breakout from the consolidation range suggests bullish momentum is building, with a target set near 99,000. As long as price respects the ascending trendline, the bullish bias remains valid. A break below the trendline could invalidate this setup.

First TP (Partial Close): $97,500
(near the mid-range of the ascending channel — lock in partial profits safely)

Main TP (Full Target): $99,000–$99,900
(near your marked "TARGET" and channel top)


This way you secure some profit early and still ride the main move up toward the final target.


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Summary:

Entry: around $94,000–$94,800

First TP: $97,500

Final TP: $99,800–$99,900

Stop-loss: around $92,500 (below trendline support)

1 Mei

Dagangan aktif

1st target is almost reached

11 Mei

Dagangan ditutup: sasaran tercapai

congratulation target achieved