Symmetrical triangle trendline broken to the upside and we now have a small pullback/flag where I have gone long in hopes of a continuation move.
More conservative traders can wait for the flag line to break. Good risk reward on this trade.
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Added to my position at the trendline bounce at 1.220 and stopped out overnight at 1.270 for an average of + 40 pips. I always move my target closer overnight when I will be unable to monitor the trade, usually to previous structure high. (1.270)
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I took a short position here around the same time I shorted GBPUSD (seperate post), mostly because of the giant rejection wick candle. That short was just closed for +90 pips