ABCDE TO COMPLETE
I won't long gbp now
i ratther wait for it to go down one more time
1.4129 is a level i am interested in
QQ Group: 609224828
My point, price tends to be pulled- back quite some distance after breaking through them. A logical point to buy into that pull would be an opposing trendline, which happens to be what the bottom of the triangle that Jack is targeting.
You want a low probability, high risk, trade, then trade merely the breakout of an old trendline. You want a high probability, low risk, trade, then wait for a high probability pivot area. That's what this trade set-up is, in a nutshell.