Price has broken a rising channel after a five wave structure. It has retraced and retested the lower trendline now previous support, now acting as resistance. A very nice opportunity is ahead. I will enter this trade with two positions aiming for the lower trendline of a bigger channel.
Stoploss and profit targets as shown at the chart.
Trade closed: target reached:
First target reached. We may now move stoploss at our second position at breakeven