In our last Alpha analysis, we had our first breakout trade which played out really well, amassing almost 400% raw gain! (See chart for idea)
Once again we find ourselves at another descending correction and watching for a breakout. We have 2 structure levels which we are focusing on. If the current structure level fails to hold, watch the lower structure level.
Trade Idea:
- Watch for breakout
- Enter with stops below the recent lows
- Targets: 1.300, 1.500, 2.400, actively manage the rest.
Goodluck!