Hi Mates,
1. A trend line "breakout"
2. A "test" and "failure" of the previous "low" after the trend line breakout.
3. It is testing previous swing high and maybe breaking out it soon.
Target: The target is placed at the "swing high" prior to the "new low" in 1-2-3 "bullish setup."
Stop: below the "swing low' in a 1-2-3 "bullish setup" for long trades.
Good Luck!!!
1. A trend line "breakout"
2. A "test" and "failure" of the previous "low" after the trend line breakout.
3. It is testing previous swing high and maybe breaking out it soon.
Target: The target is placed at the "swing high" prior to the "new low" in 1-2-3 "bullish setup."
Stop: below the "swing low' in a 1-2-3 "bullish setup" for long trades.
Good Luck!!!
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