I've just entered this trade. We are looking at an impulse move up, followed by a period of consolidation in a bullish flag pattern. Price has no broken up out of this area and now that the pullback is complete, I have entered.
I did consider moving the TP higher as the previous impulse move was strong but there is an equally strong area of resistance holding above.
We have a 2.0 Risk Reward ratio here. Not as high RRR as I'd like but a good setup it seems...
I did consider moving the TP higher as the previous impulse move was strong but there is an equally strong area of resistance holding above.
We have a 2.0 Risk Reward ratio here. Not as high RRR as I'd like but a good setup it seems...