- We have broken outside of the Orange Parallel Channel.
- We have confirmed the breakout
- Now we should see a move to the upside by a minimum of the size of Parallel Channel (which corresponds to 8% upside from here)
Target and stop loss is indicated on the graph.
Cheers!
Trade closed: target reached:
Took a while, but we got there.
Comment:
Suboptimal Stop entry due to BTC movement, however, the short-term pattern still prevailed.