In My analysis i have put a huge stop loss of about one hundred pips, This is me playing safe but i do not think it will go that far. My bias is that it will adhere to the channel and continue with an impulsive move to the upside. If it goes against me by about fifty pips, which i doubt, i will close the trade.
Happy trading.
Happy trading.
Trade active:
The trade is up ninety pips, Move the stop loss to break even and then hold it for few more days. RR or 1:1 already reached therefore you can also close the trade.