1. Down-trend structure changed to HH and HL
2. Breakout of pattern
3. Pullback to Fibonacci zone
4. bar completed (See D1 as well for another bar)
For this type of setup the stops are best placed below the bar where the trade setup is deemed invalid. The target should be at least 2x the risk, there is potential for further up-side...
Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.
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