Price looks set to take off. Long likely due to price taking the previous high by a few pips. Price has been in multiple retests and is within a greater wyckoff schematic. Price is likely to break to greater heights, higher even the indicated tps. Price will be looking to reach a supply area. SL is a little tighter than I normally would place for this move. There are at leasts two protected lows below my sl areas that I could serve as potential sl areas, but the rr makes the risk worth taking and the rejection indicating upside momentum is a confluence I can get behind. Still a sl below 130.6 would be a safer trade.
Comment:
This one played out very well, already hit tp2 for a 3:1 thus far.
Trade closed manually:
closed in large profit 80% @ tp2