jrebong

Rectangle Breakout

Long
FX:EURUSD   Euro / U.S. Dollar
Initiated a long position when I noticed the box forming.
I initiated it inside the box because there was already a false break to the downside so I figured another break down is unlikely
TP is the top of the structure - 1.22600
SL is below the rectangle - 1.21807
For a 3:1 RRR
Comment: Another rectangle detected. #EURUSD is now doing the stair-stepping thing. Hope we reach TP soon

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