This is also known as a RSI BAMM harmonic breakout trade, where price breaking the B point of a Bat pattern will magnetically move the price towards point D at XA 88.6. This strategy is documented in Harmonic Trading Volume 2 written by Scott Carney.
Note that for this kind of trade setups , the R:R is not fantastic, usually just 1:1 or slightly below it depending on where point C is.
For this particular setup, it is on the H4 chart, and the SL might be too wide for some of you guys to stomach.
I highly suggest not risking more than 2% of your account when taking this trade.
EP: 1.3235 (Market Price right now)
SL: 1.3470 (235)
TP: 1.3035 (200)
Am doing testing on this kinds of setup, will collate my results and share with you guys in due time.
Keep learning and be great in trading!