This was set up since I was counting a 50% retracement of the last uptrend and entered into the trade after the continuation of the uptrend was confirmed. Also an upper trendline breakout gave a confirmation of the opportunity to go long.
N.B. This is only my personal opinion based on my own analysis and should not be regarded as financial or investment related advice.
Note
I have changed my stoploss to 1.4963 level considering the lower trendline.
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