If close is above the Pivot high on the M60 chart enter a long order.
Action to Take: enter stop entry order at 72412
Take Profit Level: 72712 Stop Loss Level: 72285
Total Risk of Account Equity: Maximum 2%
Market closed above the pivot on last bar. Buy stop at 72412 is active.
Trade closed: stop reached:
Entry order triggered and stop loss reached. Stop loss fairly tight; trade still looks attractive to go long on a breakout above the Pivot high and the high of the range that has formed.