Longed this chart, looking for a range play. The only issue for this trade is that there is no well defined SL level. I have thus placed the SL about 60 pips away. The ATR for this chart is small, so this is a good size SL so confirm that price has indeed broken and expanded beyond this ed channel range.
Strong and correct trade. Price did indeed reacted to the Technical levels as projected.
A stronger conviction had developed after this trade with increased usage of booking profit while on full candle to leave no food on the table.