Price has been consolidating at this low for about 8 weeks now and has now broken out of that consilidation, telling me that we might be ready to go long and form new highs.
POSITION
- Entry 172.49
- S/L 164.50
- T/P 200.00
R:R
- 3.69
RISK
- 1,01%
- $7,99
- 7.99 pips
REWARD
- 3,72%
- $29,49
- 29.49pips
CONFLUENCES
- Break and Retest of consolidation
- 38.2% Fib Retrace
POSITION
- Entry 172.49
- S/L 164.50
- T/P 200.00
R:R
- 3.69
RISK
- 1,01%
- $7,99
- 7.99 pips
REWARD
- 3,72%
- $29,49
- 29.49pips
CONFLUENCES
- Break and Retest of consolidation
- 38.2% Fib Retrace