In a long term up trend we have a fail to break support , a break out of a shorter time frame's trend line, and a pullback (deep one, which is consistent with the idea of new starting trend) Besides we can see divergence in the pullback from the last long term upside movement.
So, I suggest to start a buy if price closes 1% above the most recent resistance zone around 710 with a 1 to 1.49 risk reward ratio.
As this could be the beginning of a new trend instead of take all the profit at the target of the 745 would be better just to take 2/3 and leave 1/3 run with the stop loss at break even (or at its original point if you feel more pro-adventure) to see how high it could get. The break above the elliott base channel would be a nice indicator that the upside impulse is more probable.
So, I suggest to start a buy if price closes 1% above the most recent resistance zone around 710 with a 1 to 1.49 risk reward ratio.
As this could be the beginning of a new trend instead of take all the profit at the target of the 745 would be better just to take 2/3 and leave 1/3 run with the stop loss at break even (or at its original point if you feel more pro-adventure) to see how high it could get. The break above the elliott base channel would be a nice indicator that the upside impulse is more probable.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.