Break out of a resistance.
Trading Plan: Will close half of the position at 1:2 RRR and will move SL to break even.
Trading Plan: Will close half of the position at 1:2 RRR and will move SL to break even.
Trade closed manually
Closed my LONG position at the false breakout. Minimized losses while opening a SHORT position on the possible movement to the downside.The RSI is largely overbought while the Resistance is holding same as what it did last 20th April. This is a possible reversal
This is a somewhat strong position. Will be closing 75% of my trade @ TP target and will let the other 25% run on a trailing stop
You can see the SHORT position that I opened. I minimized my losses @ 110 pips
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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.