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What should be Entry price, Exit price and Stop loss price for Triangle pattern when we are taking a Short position
Entry position should be just after the breakout
Stop loss price should be after the breakout gap is filled
Entry may be at when it breakout the ‘A’ point level
Stop loss may be at HT previous to “A” point
Target may be 1.5 times of the “stoploss – entry ” value.
Entry : May be at the breakout of the Point A
Stop loss: May be at the Previous HT of the Point A
Once the prices crosses the Point A level , go SHORT.
STOP-LOSS is at TOP of point A triangle.
SHORT COVERING = Point A – Length of TOP of point A triangle.
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