- This topic has 1 reply, 2 voices, and was last updated 8 years, 7 months ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
-
Posts
-
As per the chart shown triangle is formed with the duration of more than 1.5 months and the breakout happens with significant volume. Long position can be created above point B.
Trade Plan: Direction- Bullish, Position-Long,Entry above 174(Point B) SL 166(Point E), Target- 182.
DEAR SIR/MADAM
PATTERN IS CORRECT
Trade plan I think requires modification due to the following points
1 Even though there are three points to enter after the breakout at 174 the first two points alone can be considered since after that STOP LOSS is already triggered
2 hence target 182 is not reachable
TRADE PLAN LONG ENTRY 170(just above the breakout)
STOP LOSS 165/166
TARGET 177
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
