Reasons for bullish bias: - Price forming a potential bull flag - Entry is at breakout of pole for further confirmation - HH breakout will also add confluence - TP till projection Entry Level (Buy Stop): 264.22 Stop Loss Level: 249.49 Take Profit Level 1: 278.95 Take Profit Level 2: 293.68 Take Profit Level 3: 300.56
ITW has just defined a HL and now going to start its movement up to a very strong resistance level of 266 Entry @ 255 SL @ 248 TP1 @ 263 TP2 (if it breaks above 266 level then just use 260 level as stop loss for the trade)
ITW $ITW High-risk Initial Long. SL and TP on chart. 10-20x leverage. Move SL on TP.
ITW is approaching our first resistance at 140.10 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a reversal could occur. Stochastic is approaching resistance as well where we might see a drop in price as it reacts off this level.