Trade Rationale: Double bottom formation, with the pair already above the neckline. It’s consolidating right now so I plan to go long once it breaks to the top. I’ll aim for the next major psychological levels (1.2900 and 1.3000)
Entry: 1.2850
Targets: 1.2900 and 1.3000
Stop loss: 1.2800
Reward-to-risk: 1-to-1 on the first target and 3-to-1 on the second.
Risk management: I’ll risk 1% of my account on this trade and move my stop to entry once the pair hits my first target.
Hay littlebopip! Nice One!!! Im too think now price move up some more. but i dont think that its wise decision to long yet this downtrend market. I think better wait and watch for a suitable pullback point for sell trigger.
