Buy after a 4h candle closes above the top trend line of the falling wedge and RSI breaks above the current consolidation triangle.
Entry will vary for most people so I am not giving a concrete number. Some might decide to buy before the breakout in the 8,430-8,500 area.
The reason will be the stop will be a lot smaller and you take less risk on the trade.
Stop: $8,350
Target 1: $8,850 - sell 1/4
Target 2: $9,065 - sell 1/4
Target 3: $9,440 - sell 1/2
Entry will vary for most people so I am not giving a concrete number. Some might decide to buy before the breakout in the 8,430-8,500 area.
The reason will be the stop will be a lot smaller and you take less risk on the trade.
Stop: $8,350
Target 1: $8,850 - sell 1/4
Target 2: $9,065 - sell 1/4
Target 3: $9,440 - sell 1/2