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MariusStanescu

Can this be a 5RR opportunity?

Long
Euro / U.S. Dollar (FX:EURUSD)  
MariusStanescu Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
Side consolidation channel on 4h TF, with what can be seen as a False Break for the downside. If a Buy trade is to be opened, then there is a possibility for a 5RR.
Trade Safe!
Comment:
It looks like a false break above the side channel. The trade still in plan, but a scale out for 1RR ca be a safe play.
Trade active:
Price is breaking and retesting the channel up level. Final target still in plan.
Comment:
Trade closed on BE.
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