Traditionally there are 3 ways to trade a breakout all depending on your level of aggression as a trader. The before the breakout and actual break has already completed which means waiting for the retest is the only option left for those looking to get involved.
I'm saving it for my Weekend Review, but I've been recording the analysis of this trade as well for those who learn better from seeing and not just reading. I'm not sure if I'm going to use it or not (it all depends on what lessons we discuss in the live Trading Room this week) but keep an eye out for it on my YouTube page.
Akil Stokes Chief Currency Analyst & Head Trading Coach TradeEmpowered.com -The Premier Online Trading Education Company
I really Like your idea.. But I am looking for G7 meeting impact on this trade. What is your view about it?
Akil_Stokes
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Thanks, I have no view on the G7, it doesn't affect my trading at all
IAmAgainst
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I was long from before but got out after seeing all those failed attempts to pass through that top, probably it was too conservative.. I'll buy again if it breaks it.
Akil_Stokes
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Nice! Congrats on your previous long as well
lluiszardoya
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Hey How can I set up the rsi on trading view? I made the same analysis of a smaller triangle but it is correct too. Im long and with same target. Chek it out! I love yout posts and videos bro!!!!
Akil_Stokes
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Thanks! If you go to the "indicators" tab you should be able to add the RSI from in there