Price broke in the past few weeks a strong resistance, and now it came back for a retest. Made two strong attempts to go down and was throw back up. Broke the downtrend line with a strong engulfing candle. I`m going long when price break the highest price of the last candle.
Comment:
Price found a downtrend line.. It would be interesting to put your stop loss on the break even point, or even close part of your position!
Trade closed: target reached:
Just beautiful.