Looks like a little bull flag in progress
1/2 Position can be taken at 1
1/2 Position when the flag breaks to the upside at 2
This way you limit your risk if the flag fails below 1, but allows a full position if the the flag breaks to the upside through 2
A fake break will also be mitigated by closing the position if it falls back into the flag pattern after a break for a break even or even a small profit
Stick to a stop loss
1/2 Position can be taken at 1
1/2 Position when the flag breaks to the upside at 2
This way you limit your risk if the flag fails below 1, but allows a full position if the the flag breaks to the upside through 2
A fake break will also be mitigated by closing the position if it falls back into the flag pattern after a break for a break even or even a small profit
Stick to a stop loss
Trade closed: stop reached:
Broke back into the flag.