Ride the trend, my friend =)

As we see, there is a very long trend with small consolidations.

Interesting is, entry and exit of consolidation is the same price (marked with blue and teal arrows).

Setup: I want to ride that incoming long wave. In the past the breakouts were at least 10-15 up to 40 and more USD.

Entry trigger: If price drops to entry level of consolidation, thats when I pull the trigger. Since we are chasing higher ATH here, it is hard to predict where we will end up, so I will go with an trailing stop as soon as we are even.

Good luck and remember:

Only trade what YOU agree. I am not a wizard, able to foresee the future!

Comment:

The pullback seems to be busy somewhere else right now, lets for him to come and visit this chart before entering a trade here.

Trade active:

It a little spiky right now, but the general direction looks good for us!