Technical Vision: The pair is developing a correction in the larger Time Frame, In H4, after a first impulse is developing an upward continuity pattern, it is probably a contractive triangle. This triangle is near completion and the price will continue to rise. Sell and buy according to the action of the price, you have 3 good alternatives and try to take advantage of them. Follow your trading plan. Look after your capital and good luck.
The idea was good, the only problem is that a trendline to be valid, required 3 touch,
Trader_Dale
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Thanks for your analysis mate. Do you enter the trade immediatelly after a breakout? I have quite a good experience with waiting for pullback after the breakout. I trade breakouts like this. What do you think?
Best of luck!
1 - Wait for it to break
2 - After that expect a retracementl, it can be a pullback or a small channel
3 - Sell with SL located above the last maximum or more secure even two previous maximum