We are ready for both 2 scenarios trading the breakOut ,
1) will place buy stop pending order at 1.04201 with 1:1 risk to reward ratio placing SL below the support line.
2) will place Sell stop pending order at 1.03487 with 1:1 risk to reward ratio placing SL above the resistance line.
Although it’s 1:1 risk to reward ratio but this trade is if started at any of both directions it’s surely a safe trade!
1) will place buy stop pending order at 1.04201 with 1:1 risk to reward ratio placing SL below the support line.
2) will place Sell stop pending order at 1.03487 with 1:1 risk to reward ratio placing SL above the resistance line.
Although it’s 1:1 risk to reward ratio but this trade is if started at any of both directions it’s surely a safe trade!