This is a weekly set-up.
Entry: now/ you can wait for the price action to break the trend line at point C and retest it before you enter.
Stop - loss: 115.00 (to give it enough room to breath)
Take profits: there are two TPs at the points Ds. I'd advice TP should be set at the bottom of the rectangle and not the top because of consolidation at first point D/exhaustion and deep retracement at the second point D before continuing upwards.
NOTE: price action may consolidate for a short/long time before continuing to the second TP..... BE PATIENT!!
LOT SIZE: please use a considerable small lot size in relative to your account i.e. 0.1 for a 1000£ account....
Entry: now/ you can wait for the price action to break the trend line at point C and retest it before you enter.
Stop - loss: 115.00 (to give it enough room to breath)
Take profits: there are two TPs at the points Ds. I'd advice TP should be set at the bottom of the rectangle and not the top because of consolidation at first point D/exhaustion and deep retracement at the second point D before continuing upwards.
NOTE: price action may consolidate for a short/long time before continuing to the second TP..... BE PATIENT!!
LOT SIZE: please use a considerable small lot size in relative to your account i.e. 0.1 for a 1000£ account....