Breakout trade setup.
Nice base formed if it breaks out possibility of retest of daily trend line.
Approach trade
1. Wait for breakout,
2. Retest of trend breakout or retrace. Enter the retrace
3. Stops has to go below the base around 1.46470s
4. Trade dual lot, take first profit at r1 and move stop. Manage your trade from there on.
note: This is assumption only not confirming 100% occurrence.
Nice base formed if it breaks out possibility of retest of daily trend line.
Approach trade
1. Wait for breakout,
2. Retest of trend breakout or retrace. Enter the retrace
3. Stops has to go below the base around 1.46470s
4. Trade dual lot, take first profit at r1 and move stop. Manage your trade from there on.
note: This is assumption only not confirming 100% occurrence.
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