wait for a break-out , go long. set TP and SL .
break out took a bit longer, but played out real nice, inistial target 3900$ is reached
we have also broke out of the triangle, that's a good sign for the bulls however ,am starting to lock some profit already, close 50% , moved the SL for the rest to breakeven point, TP is 4020$ and 4120$
, the resistance ahead is quite strong, i need to see a daily close above 4060$ to be extra bullish on the current trend.
again guys this is not a show-off or i told you so, i want to show you the breakouts are the most profitable trades one can make specially in a sideways market like this one.
my overall take on the market is still very bearish, we are still making lower highs , despite the fact we making higher lows as well, the overall trend is still very bearish, however a higher high above 4060$ will give more strength to this current uptrend, but don't FOMO.