Why is this setup good?
-Contextual uptrend
-Momentum building on MACD 12-26
-First reaction (contraction) since MACD crossover
-Trigger Candle testing EMA 3, 50 and 100
-Low Setup Risk - just 1.62% in risk
Entry rules:
-Buy Stop order or Manual Buy at 43.14 at the next interval(candle) open
-Cancel the order at the end of the day if 43.14 does not get triggered
-Stop Loss (S/L) level at 42.48 (adjust position size accordingly, don't risk more than 3% for your current account balance)
Trade management
-Move S/L to break-even when price CLOSES above 43.23
Exit rules:
-Target 46.40 (Risk-Revard ratio ~4.66)