What we are looking for?
Looking for break no matter on which way but main trend is still Bullish and we havent hit resistance zone yet! So both sides are open
Entry style:
I would suggest after a trendline break entering with D1 or H4 123.
Trade management
Split trade into 3 parts. Trail last position as long as possible! RR 1 = 1 : 1.......RR2 = 1 :...
As we can see we do have channel on D1/H4. And now we are waiting comformation of bounce of support bottom. There is also chance that we wont get bounce to the upsite also! Major trend is bearish so better safe then sorry. Better to enter little bit more late then to fast. Pro traders are patient, amature are not ;)!!!
Normal entry (H1) - Simply wait 123 (=...
