SDIG Long
Updated
A simple range long with take profits in the golden zone and then at a clear resistance level.
To us this constitutes a false breakdown, these usually lead to strong consequences. The argument is stronger after we initially rejected the level before making a higher low and breaking back above. Now we are looking strong.
To us this constitutes a false breakdown, these usually lead to strong consequences. The argument is stronger after we initially rejected the level before making a higher low and breaking back above. Now we are looking strong.
Note
Good close on friday, looking for followthrough on monday.Note
Close to SL today, has to be the bottom.Note
It was indeed the bottom, the argument for the SL is even stronger now giving confidence to the trade. Let's see what happensNote
Strong argument for the trade set up todayTrade active
Expecting TP1 and 2 to potential hit this week. Of course this trade failed the first time around, but the spring and backtest gave us a second go around as mentioned on the 11th above. Trade closed: target reached
TP1 Hit as expected, very minor profits taken as we are looking for higher targets. 
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