Entered long with stop at cloud periphery.
Trade active
Trade closed: target reached:
Booked towards end of day. There are hurdles up ahead.
a236z
As you can see this is not quite a good buy. Monthly is bullish and marked as M, weekly is double top and daily just broke the down trend. However no new trend has formed in daily. The reason this is not a good buy is because with out weekly the overall momentum to upside will be week. So I have marked a daily near by pivot where the entered position can be sold . If price reverses sharply will sell at the earliest possible opportunity before the stop.