Simple break and potential rejection of previous resistance. I'll be risking 3% of my capital on this trade because anything can happen. I advise you do the same also. What you can see is a buy stop order which will capture the momentum upward.
K.I.S.S- Keep It Simple Stupid
I have numerous confirmations to long DJ next week. We are in an uptrend and are aiming to clear previous highs, I'll be looking for a retracement of broken structure and will place a buy stop to take advantage of the potential movement upwards.
