Entry for a long when price closes above the short term moving averages.
The point of invalidation is a close beneath the recent swing low @ 1122.
Target is a prior support level (Feb,March,June 2016 , & Fib 50 level) .
Risk Reward is 3 to 1.
If price is beneath target , and closes below the short term moving averages , the trade is closed.
The point of invalidation is a close beneath the recent swing low @ 1122.
Target is a prior support level (Feb,March,June 2016 , & Fib 50 level) .
Risk Reward is 3 to 1.
If price is beneath target , and closes below the short term moving averages , the trade is closed.