After try the short side yesterday EJ has reversed and is back making higher highs.
EJ is is an up trend
Chart below:
Price has pulled back to the 50% Fibonacci level and remains supported.
Chart below:
Price has broken back up through the averages and made a higher high.
I am looking for a long position on a pull back as detailed below.
Levels and chart below:
1st entry: 128.50
2nd entry: 128.40
Averaged Entry: 128.45
Stop Loss: 128.10
Target: 130.20
I will update again if and when the trade is triggered.
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