This is what my current position looks like in D1 chart. That last candle stick from final day of trading last week formed an inside day candle. Now, the price can either shoot upward or downward.
Zooming in to H1 chart, it seems that there is a resistance just above the high swings from 11th to 12th of February and that is also where I place my stop loss a few pips above. But if the price breaks out of the support line then there is a good chance that my target profit will be hit which is positioned at the line of the bottom channel.
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