Consider this as a guide to develop your own setup.
Main Items we see on the Daily Chart:
a)Price has broken the descending trendline
b)Currently we can see an ABC formation (maybe an expanding Triangle)
c)This type of formations are considerer continuation structures
d)The price Broke out the corrective structure and now is making a pullback to the Trendline
Based on that we set on the Chart
-ENTRY
-STOP
-TP
Use them as an idea of where to set your orders if you were planning to take this trade, We have similar setups on EUR/USD + USD/JPY (the link is on Related Ideas)
Weekly Vision:
Main Items we see on the Daily Chart:
a)Price has broken the descending trendline
b)Currently we can see an ABC formation (maybe an expanding Triangle)
c)This type of formations are considerer continuation structures
d)The price Broke out the corrective structure and now is making a pullback to the Trendline
Based on that we set on the Chart
-ENTRY
-STOP
-TP
Use them as an idea of where to set your orders if you were planning to take this trade, We have similar setups on EUR/USD + USD/JPY (the link is on Related Ideas)
Weekly Vision: