The price needs to break the trend line as the signal indicates the trend will change. After the price breaks a trend line, the price will make a retracement. We will enter the market when the price is retrace. Setup will fail if the price makes a new higher. Stop loss is placed above the latest higher with the spread calculation according to the respective broker.
Trade closed: stop reached
hit SL
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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.