complete. ucad is forming a big ending diagonal
which we can expect to reach at least the last high on our next bullish
impulse and since we have not reached daily chart
38.2 retracement, we can expect to reach it as well. if price reaches 1.28610, my idea will be invalid. red line is invalidation point for my idea, not my sl as i will only enter the trade once i see markets are reacting how i want them too. if i see structure break bullish
i will buy, sl at or below the low depending on how structure breaks.
buy at breakout.
entry: price breakout
sl: to be determined
risk: to be determined
potencial gain:250- 350+ pips depending on entry