The breakout has now occurred and price is currently pulling back to test the trendline. Once price closed below the breakout, a sell stop will be triggered to hop on to the short side which will potentially change into a long position off the bullish cypher. Entry is 3 pips below the breakout strategy (breakout-pullback-continuation)
Trade active
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.