If price breaks out of consolidation, enter on a retracement long. Two positions: Position 1 RR 25 pips 1:1 . Position 2 RR 51 pips / 27 pips 1:1.87
Long opportunity as price pulls back to a supporting bullish trendline. We need a candlestick (engulfing bullish candle)/ price-action (double bottom) confirmation before entering long on the 1 hour or 4 hour chart. Two positions to maximize Risk-Reward: Position 1 and 2 Buy: 1.11406 Position 1 Stop Loss: 45 Pips Position 1 Profit: 62 Pips Position 2 Stop Loss:...