Entry Price: 0.85700
Low risk trade with potential to make a small profit. Trade entry execution is very important on this low timeframe. As the price nears the B point, we need to watch price action, and make sure that it continues to look . We cannot enter the trade without a break AND close above the B point price. We might watch the 30 or 15 minute chart to look for a small pullback AFTER the break and close above the B point, and then enter at that position.
UPDATE 10AM PST 3/25: Strong candle. Wait for it to close, and observe price action to determine whether to buy now, or wait for a pullback into structure.
UPDATE 11AM PST 3/25: Involved in the trade. Will roll stops to breakeven once halfway to the target.
UPDATE: Easy winner. Hit targets. Expect the price to move into the red (PRZ) again before price should retrace to the downside. I would be more cautious of taking this completion trade since it's going against the daily upward trend. If anything I would keep stops tight and targets close to the entry price.
UPDATE 3/27: Price action busted though the PRZ. Bat trade is invalid. Look for continuation trades.