We have a breakout to the upside and are avove the 50 ema.
Targets based on structure. RR is about 1:1.2 for target 1. Target 2 has no take profit until I see a red candle close on the 3 hour chart. Stop Loss will be moved to a little better than break even on the second position once target 1 on first position is met.
Targets based on structure. RR is about 1:1.2 for target 1. Target 2 has no take profit until I see a red candle close on the 3 hour chart. Stop Loss will be moved to a little better than break even on the second position once target 1 on first position is met.
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Target 1 Reached on Position 1!
Stops have moved to a little better than break even on target 2. I am waiting for a red close on the three hour chart to close Position 2.
Stops have moved to a little better than break even on target 2. I am waiting for a red close on the three hour chart to close Position 2.
Could this be a possible indicator that price will shoot up - meaning - we look for these kind of quick spike reactions during consolidation to predict whether price will break up or down.