We can see pictured that price touched our trend line 4 times and broke on this 4th touch, after this break price re tested our TL as support before shooting up.
Our next target after a touch and break of a TL is always the last touch before it broke, if this 1 gets broke then we target the previous touch... see a pattern occurring?
Now this is a really simple setup and if you dont get this then please give up trading before you waste every penny you have in the relentless markets, the markets have no emotion and dont care if you spend your bill money on loosing trades.
@petitebud, 0.257 looks a decent area for a support area if price did decide to take a break, if so i will be looking at entering another long trade at this level.
petitebud
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@CrazyCartel cool then we have another chance to buy more, thank you?
CrazyCartel
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@petitebud, Only if my analysis lines up with your own :)