Here we see a channel breakout that occured.
We would like to see this Retrace before entering in long on this trade. This upward bullish trend is unsustainable so we are bound to see a retracement very soon... before it continues to the upside.
Our Rabbit Trail Breakout strategy calls for a small retracement before entering in a breakout trade so we will stick to our strategy here.
We would like to see this Retrace before entering in long on this trade. This upward bullish trend is unsustainable so we are bound to see a retracement very soon... before it continues to the upside.
Our Rabbit Trail Breakout strategy calls for a small retracement before entering in a breakout trade so we will stick to our strategy here.
Trade active:
Trade was active when it pulled back into our zone (or nearly to it)
Trade closed: target reached
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