Analysis for the day: Go long with tight stops.
Entry Zone:
Reason 1: Price opened sideways and corrected.
Reason 2: Price breaks the high of opening bar which acted as resistance.
Reason 3: It gave small consolidation at yesterdays high and gave breakout.
Reason 4: Price was in 3 days up trend.
Exit strategy:
Exit 1 : Exit half of the position at TGT 1 or 1st resistance.
Exit 2 : Exit remaining half, when u see strength in opposite side.
You would have mad small profit for the trade, or small loss. The real key to trading is cutting bigger losses.
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