You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 1553.4988 but consider reducing the size of your position as the price gets closer to that target.
Supported by Downward sloping Moving Average
Target: 1553.4988 Entry: 1579.8852 Stop: 1616.72

