Further more the move up from 105 to 118 (from nov 2016 to jan 2017) has broken the downtrend on the . This makes me think that the current price is a good level to enter.
The trade would be as follows:-
- Place an order to buy at 115.12
with a stoploss at 111.10
a take profit lvl1 at 117.9
take profit lvl 2 at 121.3
When the first target is hit, move the stoploss up to 116.8 and exit half of your position.
Trade safe. Manage risk well and don't get emotional.
Legal disclaimer:This is not to be taken as trading or investment advice in anyway, I am not responsible for you trading actions.