2018Jun05 EURCHF H4 Trend Continuation

The bulls have been more aggressive than the bears leading to the formation of an ascending triangle for EURCHF. I am waiting for a candlestick to break and close above the horizontal resistance of 1.15680. Thereafter, I will place a buy limit at that level. The stop loss and take profit target are both based on ATR x 2. Tentative details are as follows:

Trade Setup: Trend Continuation
Price Entry 1.15680
SL 1.14930 | SL pips 75.0
TP1 1.16430 | TP1 pips 75.0
RRR1 1.00

Trade closed: target reached:

TP1 hit! :) (June 11)