Long on Breakout
Updated
Waiting for a close above previous swing highs on the 15m Chart. Looking to go long with targets being next level of resistance which is around the same area of a harmonic move up on the trend continuation.
The break above previous swing high would happen above the 200EMA and the 50EMA and the daily pivot as well.
The break above previous swing high would happen above the 200EMA and the 50EMA and the daily pivot as well.
Note
Please see chart for stops and targets (about 29 pip target with an 18 pip stop loss)Note
The breakout would be happening above 200ema, 50ema and daily pivot on 4 hour chart:
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