The reasons for this trade are based on the geometry and algebra in the image above
Nota
I will be watching the next daily bar.
Nota
the length of the next daily bar will show us how badly support is broken, and how likely price will continue
Nota
Also, the momentum from today's bar, will carry over to tommorow. First Target is todays bar, Second Target is tommorows bar, Full Target is about 4 daily bars
Trade attivo
Also, note the today's daily bar low, it will be support for the next daily bar, and it will give a hint about how far price will extend.
Trade attivo
I moved the stop loss to break even plus a few pips, now we just wait
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