The trade is based on the retest of the blue trendline
. So, we have a nice setup here, like I said before the trade is based on the retest of the blue trendline
, to support our swing their is a nice zone of support, the 38.2% fibs of the last uptrend, the 23.6% fibs of the last 2years and to add more confirmation to the setup, their is a strong uptrend trendline
. For now on i'm not sure if I will take it or not, I will see how it goes for the next fews days. when the Tp1 is hit I ALWAYS put my SL breakeven. I don't usally trade big timeframes like that so let's see!
Go check out my profile to more ideas like that!