Simple as it looks, flag/pennant set up, if and only IF the price breaks the resistance we should be looking at the first arrow to take profit because it is an important area, I would open 2 positions one with the full TP target and other just at the first arrow, when the first arrow is reached one position will take profit and the other i adjust the SL to the entry point so it is a risk free trade.
The SL is so wide because it is just below an important support zone.
The SL is so wide because it is just below an important support zone.
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