I have drawn a downtrend trend line. I think that this trendline has broken because there is a price that has crossed above this trendline. even if it's just a shadow breakout, it's still considered a breakout by me. so, we can take the opportunity to buy, and if the price has a stop loss, that's okay. trade at your own risk.
Note
clear breakoutNote
price went down but not trigger our SL yet.. this is perfect price to buy at this retracement. Our risk is small because our entry point to cut loss level is too smallNote
not reach SL yetNote
if we buy here, at current level, our SL is very small..low risk positionNote
SL still hasn't hitTrade closed: stop reached
Cut lossNote
this always happen in the trading, after cut loss, price move fast upward to the direction we want.. its ok..this is tradingDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.