Trend pattern of higher highs and higher lows point towards a new higher high within the pair, opened a long position at the beginning of the newest higher low hoping to see the fifth touch on the top trend line. Stop loss has been moved to zero and profit is currently £20. TP1 - £30 TP2 - £40
Trade closed: target reached:
TP1 achieved, market retraced past the resistance making a lower low.