We've had the impulse move upwards and the correction phase. Now we wait for the breakout candle and we can enter longs to TP around 1.88xxx according to fibs. I will be looking on the H1 TF for the breakout and will probably have around a 100 pip SL so make sure you RISK MANAGE!
Trade active
H1 Has broken OutWe could have a setup like this...
Note
Also SL is only 50 Pips due to the LH formed on Lower TF'SNote
^^ HL**Trade closed: stop reached
SL Hit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.