Ascending Triangle, Seeking long if price action drops to 8250
108
If price action drops to 8250, I will take this opportunity to enter a long position.
Price action has had fairly low volatility today with no huge moves. Has been adhering to the ascending triangle structure thus far with multiple touches on both sides.
I would take off half the position if price can go to 8350. For the other half, I would monitor whether the price action can break the resistance around 8400 level. If it can't, I would take the remaining position off.