Entered Price: $12.119
Target 1: $12.3314 $1.83%
R:R: 2.52
Target 2: $12.6211 4.22%
R:R: 5.81
Stop Loss: $12.0219 0.73%
Potential Intermediate Wave 2 completed. With Intermediate Wave 3 coming in.
Play on the breakout.
Targets: $12.6501
Stop Loss will be on the previous candle low.
Beware of Bull Trap
Let the bar close above the breakout line, re-test the line with a rejection wick candle.
Indicating bears tried to push the price down but failed.
Without Risk there can be no possibility of Reward.
Could target Retracement levels before it reaches the complete Wave 5.