Look for bounce off Cloud Support soon.

Now that we broke above the cloud I am looking for a test of the cloud as support. Somewhere around the 107 to 107.20 zone I have orders placed their to buy and am using the other side or bottom of the cloud as a stop loss. Of course any rally above a previous day's high with good momentum is always a good place to jump on board the train going uphill. I will have to monitor this one day at a time and keep shifting my orders as new daily bars come in. Another good way to enter (not my personal favorite) is to use the 4 Hr chart to get in on any successful confirmations of the Weekly S1 level below. This is more of an experience and skill tactic and I may not be able to update my chart in a timely manner to reflect that entry. Either way for now the uptrend is still intact. We just have to be like a cheetah and get ready to pounce whenever we see our prey. Patience!

Commentaire:

Patience is a virtue!

Transaction en cours:

Partial target reached at Weekly R1 level. Left some units on for further gains into 108.50 resistance. I am still awaiting TV to show new pivot levels for this week. I will update this trade once again after that.

Commentaire:

Second target reached at this weeks R1 level. Closed position at that level.