Looking at a triangle on the 30m and downward sloping resistance on the daily, idea for a 2% move to the downside breakout trade.
You can make your own ideas on entries and exits here but personally I'm short from resistance looking to capture around 70-80% of the move.
More conservatively you could enter on the break, or on a confirmation of a retest for the most conservative approach.
You can make your own ideas on entries and exits here but personally I'm short from resistance looking to capture around 70-80% of the move.
More conservatively you could enter on the break, or on a confirmation of a retest for the most conservative approach.
Trade closed: stop reached:
I got stopped out in the profit.