The perfect start to the week! Monday morning presented textbook breakout trade with this ascending triangle forming on the 15min chart. The current trend on this pair is bullish following the break of 1.0830 and the Daily price action was support this bias still.
The trade was taken just after 7am following the strong close of our breakout candle. I trimmed profit at my first target which was set at the 1:1 risk/reward level so it wasn’t long before my trade was running risk free. The pair continued to show strength all morning and i followed it up with the remaining position that i held still. Just before lunch was when the final part of the trade was closed out giving a total return of +1.7%.