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How to create positions after finding gap? what is the target and stop loss of the trade after finding gap?
In case of a BULLISH BREAKOUT and positive runaway gap.,we can surely form long positions.,and in case of a area gap in supply zone (downward movement) we can create a short position.,and in EXHAUSTION GAP as it denotes the termination of a existing trend.,according to the present trend and taking it to mind we can create long or short positions.,
TARGET and STOP LOSS is depends on the particular gap formed (strong or weak) and the price movements.
Long position can created in positive runway gap
short position can created in gap formed in supply zone
Based on the existing trend exhaustion gap can be identified..The position had a stop loss and target order, stop loss will be triggered exactly. Stop loss limits maximum loss limits which positions are closed. Target and stop loss is based on price patterns. It can create positions in long and short positions.
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