Previously I have written about the same idea on this pair. You can check the idea in linked link below. Still the same pattern, Ascending Triangle. But on the previous idea, the triangle pattern failed, it actually broke the trendline line, so the price dropped and touched the nearest support line, then bounced and now forming a new Ascending Triangle pattern. If this pattern succeeds, at least would rise 300 pips , but if it fails again, then re-break the trendline, the price would fall back to the support line, and possibly would turn back up after touching the support line. So that it would form a new pattern, which is Rectangle. Rectangle is a neutral pattern.
Comment:
Resistance has broken. Waiting for a retest/pullback on the support (it was resistance) area before put long order.
Comment:
Wait. The volume of pullback/correction look quite strong. It has potential to touch back the trendline.
Trade active:
Bought at 77.00
SL 74.60
TP 80.30
SL 74.60
TP 80.30
Trade closed manually:
Closed Manually at 78.20. Profit 120 pips ✔️
Re-enter next week when price make some corrections.
Re-enter next week when price make some corrections.
