Long
GTO Breakout
- +TR on 4h
- Broke out trendline
- Above Ichimoku Kumo
- Now above RK1 retesting RK2
- Next levels to breakout horizontal lines & RK2
- Needs to hold above the horizontal line levels
- Can pullback can add dips at supports 186/172/162/148
- Broke out trendline
- Above Ichimoku Kumo
- Now above RK1 retesting RK2
- Next levels to breakout horizontal lines & RK2
- Needs to hold above the horizontal line levels
- Can pullback can add dips at supports 186/172/162/148
Trade closed: stop reached
Closed below horizontal trendline levelDid not breakout RK2 level
Followed by dump afterwards
Strict risk management is a must, setup invalidated below the horizontal levels
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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.