I have been trading the breakout. When you get a triangle consolidation it will breakout in the direction of the trend which happened to be up and the target for the trade is a line between the low and high point. I would like a healthy retracement back to 62% fib, 2.77, 2.75 and go again. This is great action. China data out in the next hour. Lets see what that will bring.
Price spike!!, page-46
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