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Breaking out the diagonal line?
Price action is breaking out a descendant diagonal which was a resistance;
A new resistance should be at 68€, the price should fall back and bouncing back on the diagonal, now becoming a support;
Strategy: wait the price back at 63-64€, buy and hold for resistance breakout at 68€, target is 76€.
Let's see how it goes..
A new resistance should be at 68€, the price should fall back and bouncing back on the diagonal, now becoming a support;
Strategy: wait the price back at 63-64€, buy and hold for resistance breakout at 68€, target is 76€.
Let's see how it goes..
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