If price breaches and closes above the resistance of 79.460 with signs of bullish momemtum then the trade setup is no longer valid.
However, this trade setup can be traded on the breakout below the blue rectangle outlined; or if price retraces on the M15 and M15 window to 79.365 or resistance of 79.460; on bearish confirmation this trade can be executed.
However, this trade setup is as follows:
Sell Stop: 79.230
Take Profit 1: 79.050
Take Profit 2: 78.755
Stop Loss: 79.530
However, this trade setup can be traded on the breakout below the blue rectangle outlined; or if price retraces on the M15 and M15 window to 79.365 or resistance of 79.460; on bearish confirmation this trade can be executed.
However, this trade setup is as follows:
Sell Stop: 79.230
Take Profit 1: 79.050
Take Profit 2: 78.755
Stop Loss: 79.530
