The breakout has now occurred and a sell stop is now in place. Price is currently testing the trendline and if it closes below the breakout low, a short will lead into the bullish cypher.
Trade closed: target reached
Breakout target hitNote
If you entered the bullish cypher, your TP1 (38.2Fib) should now have been hit and SL trailed to below current market structure
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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.