The market is giving us another trading opportunity. If the price breaks downtrend line + strong resistance at 1251 level this indicates that the price wants to move further upwards. Also the price might reverse downwards but then it is important to watch these strong supports (Boxes). Buy orders should be above of strong resistance level
at 1251 level. If the price rejects Downtrend Line + Strong Resistance Line then buy orders should be cancelled and wait for another trading opportunity. Part of your Profit should be taken near to previous ATH
. Stop orders should be set 1080 level.
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.