The 1-2-3 Breakout-Setup worked very well. Just in this Moment the Pair reached my preferred TP @ 1.0744 and possibly is forming a new "2" High- Nice one :-) 22 Pips for free :-) This should not be the end of this wave...On higher timeframes the breakout is in full swing!
Former Analysis:
Shortterm 1-2-3 Breakout-Setup
Here an intraday example for an 1-2-3 breakout.
Stoppbuy @ 1,0722 SL 1.0703 TP 1.0744
Higher timeframe-Analysis: Bearish Wedge & Resist versus Breakout
Here are two trading possibilities: LONG or SHORT
Bullish Szenario: Stop Buy @ 1.07018 (valid "2") SL 1.06543 (below the wegge bottom edge :-) ) TP: 1.07903 (trendchannels upper edge)
Bearish Szenario: Fix the actual Level @ 1,069 SL 1.07018 TP1: 1.06608 (wedge bottom edge) TP: 1.0618 (trendchannel bottom edge)
I prefer the Long Szenario, because i am a trend follower and breakout trader :-)
Former Analysis:
Shortterm 1-2-3 Breakout-Setup
Stoppbuy @ 1,0722 SL 1.0703 TP 1.0744
Higher timeframe-Analysis: Bearish Wedge & Resist versus Breakout
Bullish Szenario: Stop Buy @ 1.07018 (valid "2") SL 1.06543 (below the wegge bottom edge :-) ) TP: 1.07903 (trendchannels upper edge)
Bearish Szenario: Fix the actual Level @ 1,069 SL 1.07018 TP1: 1.06608 (wedge bottom edge) TP: 1.0618 (trendchannel bottom edge)
I prefer the Long Szenario, because i am a trend follower and breakout trader :-)
