The chart illustrates the potential course that can be taken on this position. the bottom channel is where the stop loss will be placed with an 7 cent buffer to account for intra-day noise. The most important aspect of any trade is to define your risk. currently risk sits at 10% and will be reduced as time and the trend line move.upward. A trader can initiate the trade either on a breakout or when it pulls back. how one manages their trade is their business, but flat top triangle breakouts have a greater than 50% chance of pulling back to retest. The target is the upper trend line and a potential gain of 90% if we reach 9. that is nine units of return for one unit of risk.

Happy Trading