Uptrend
The chart has confirmed a new uptrend by moving decisively above the 185 level after breaking a descending trend line. Subsequently, another price level has been breached. The small pullback observed after this breakout could indeed signal a continuation of the upward movement towards the next target around 237.
Remember to always implement a reliable stop-loss (SL) for any long positions. You might consider placing it around 192 or setting it according to the specific rules of your trading strategy.
Good luck.
The chart has confirmed a new uptrend by moving decisively above the 185 level after breaking a descending trend line. Subsequently, another price level has been breached. The small pullback observed after this breakout could indeed signal a continuation of the upward movement towards the next target around 237.
Remember to always implement a reliable stop-loss (SL) for any long positions. You might consider placing it around 192 or setting it according to the specific rules of your trading strategy.
Good luck.
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