Price is currently consolidating inside a bullish rectangle. A breakout looks very feasible. We can take short-term buy opportunities at the bottom of the channel. We don't want to trade against the trend, so we're not taking any short position.
We patiently await the breakout.
#Risk Management
# Good RR
#Simple chart pattern.
We patiently await the breakout.
#Risk Management
# Good RR
#Simple chart pattern.
Trade active:
Price is currently at the bottom of the rectangle. Stop-loss should be just below the channel.
Trade closed: stop reached
