We've had the impulse move upwards and the correction phase. Now we wait for the breakout candle and we can enter longs to TP around 1.88xxx according to fibs. I will be looking on the H1 TF for the breakout and will probably have around a 100 pip SL so make sure you RISK MANAGE!
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H1 Has broken Out
We could have a setup like this...
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Also SL is only 50 Pips due to the LH formed on Lower TF'S