Trendline breakout + Pullback
Updated
Short Plan:
We anticipated trendline breakout and won 100pips
Positive economic news is pulling back price to retest broken trendline
Found resistance between .786 and .618 fibonacci level
Watch for price action to anticipate big drop
Entry: 1.09502-1.09311
TP:1.08622/ 1.07870/ use free-risk trade
SL: 1.09960
We anticipated trendline breakout and won 100pips
Positive economic news is pulling back price to retest broken trendline
Found resistance between .786 and .618 fibonacci level
Watch for price action to anticipate big drop
Entry: 1.09502-1.09311
TP:1.08622/ 1.07870/ use free-risk trade
SL: 1.09960
Trade active
Trade closed: target reached
TP1 is hit // RR: 1-1 // Take some profit and hold the rest
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