Quick trade as the channel was broken, we will take this trade risking very low comparing to the potential profits I don't like trading breaking structures, but hey, this seems to worth a try
3:1 Profit with potential +65 pips on this chart. Lets watch closer and see what will happen
Buy at 1.27 % extension at level of 1.3630 will be a good entry point to long the pair with little risk vs the reward Profits is almost 70 pips You can aggressively sell the C point but i do not recommend such entry. Trade safe Good luck every one
As we identified a leg inversion on 1.27 % will be taking profits and the stops will just above the swing high of the impulse leg.
Dear Traders closely watch this long opportunity with both targets at 23.6% fib target 1 and at 61.8 for target 2 also for aggressive traders you may sell C leg as prices now on previous Structure resistance just follow your analysis for ideal entry
Buy the breakout of the triangle and TP at 135.7 near the 127 Fib extension SL at 134.5
CTS * fib extension on 1.272 wan take profit before 0.7700 even handle number * breaking the major triangle and retest it * structure leave close * AB = CD