Breakout from a short term downtrend. (Green arrow)
After breakout there was a pullback which took a support at the long term trend line.
Target: 7%
SL: Long tern trend line.
After breakout there was a pullback which took a support at the long term trend line.
Target: 7%
SL: Long tern trend line.
Trade closed: target reached:
7% from the time Trade was initiated.
Comment:
Long term trendline is being respected. If there's any pullback in the future, I would take another trade.