Trend and neckline break-out pattern
Updated
I set the limit order above the neckline and will set the stop loss at 0.236 Fibonacci level. I will use the Parabolic Sar for trailing stop loss or just put the take profit order on the 0.618 Fibonacci level.
Note
The current price is already above the trend line and surpasses the demand zone. We are waiting for ATR spikes that may result bullish momentum, probably after a retest.
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