Be ready to sell breakout
Updated
Looking good for a breakout to the downside.
I generally take profits when the breakout loses momentum and then look for another entry.
It is your call whether you wait for the close outside the cloud but I have been in this trade for some time now.
Will increase my trade size if the breakout occurs.
I generally take profits when the breakout loses momentum and then look for another entry.
It is your call whether you wait for the close outside the cloud but I have been in this trade for some time now.
Will increase my trade size if the breakout occurs.
Trade closed manually
I didnt take my own advise in this trade and let it run when I should have taken profits as I normally do which resulted in a big loss.I will go back and analyse what was different with the conditions in this trade.
Note
I am still watching this trade for a possible breakout, it actually looks to be lining up a little better right now.Note
CS is still under price, we will see what happens when cs hits price.
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