Price presented a bullish engulfing on the daily chart, made higher high and higher low. Waiting for the price to break the consolidation to go long!
Trade active:
Price made a false breakout to the downside and came back strong breaking the consolidation!
Comment:
Just beautiful! Eliminate your risk, put your stop loss in your entry price!
Trade closed: stop reached:
1st TP reached and then price collapsed and took us out of the game, but it`s okay, cause we had already eliminated our risk by putting the stop-loss on the break even!