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