I won't be trading the breakout of the downside, only the upside. Once the trendline and the resistance line is broken buy, with a Take Profit near the resistance level after that. Stop loss below the trendline.
Comment:
The market hasn't opened yet, and I decided to change this idea. The new trade trade has a bit lower Risk:Reward Ratio, but I think it will be a better trade as the previous trendline had a fake breakout once, and might have it again.
