Price has broken above the consolidation it was moving in foe a while, has pulled back to the lower parallel where it was rejected. In case it retraces to the lower parallel once again i will go long with sl and tp as shown at the chart.
Trade active:
Although it seems that price didn't reached the entry point shown at the chart, as i described in the post the entry would be the time price reaches the lower parallel..
Trade closed: target reached:
4:1 risk/reward successful trade..
