Dash: Breakout Opens Doors for Longs
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Price broke above a long-term resistance level, the upper parallel of an ascending channel, and is now developing a corrective structure (flag). Willing to join a potential rally we have two options entering the market. Either watch for a buy setup completion at the retest of the broken resistance trendline or wait for a breakout above the flag.
In either case, aiming for the 1320.00 level is a realistic target. If you go with the breakout option you should place your stop-loss below the correction at around 980.00.
All the best,
John
In either case, aiming for the 1320.00 level is a realistic target. If you go with the breakout option you should place your stop-loss below the correction at around 980.00.
All the best,
John
評論
Our second scenario occured..! Price broke above the corrective structure. Buying with sl below 980,00 is how this trade setup should be traded
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