In the chart below, we have the converging triangles plotted between swing high/low points of 103.619 and 94.64
A breakout from the triangles has already been formed at 99.617, thus our stop loss would be set to 101 while we enter the markets at the current price.
Our estimated price point is 97.127
Once we have our price reaching this zone, we can then look for a possible BUY signal being formed. Should price drop to our estimated regions, we could place a pending BUY at 98, with take profit of 105.468.
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