We are coming out of a reversed head and shoulder pattern, suggesting a reversal from the previous long term trend. We are in an uptrend on the 1 hour chart and we just had a healthy retracement and we broke the resistance line. I am taking a long here and will add as we break the neckline.
Trade active:
Added a bit to my position as things move as planned.
Trade closed: target reached:
All targets are reached. My long campaign is done on this pair. Will wait for other set-ups before doing anything on it.