I would like to evaluate the breakout of the downtrend in the OP. A transaction worth R 2.60.
Trade active
Cost: 1.703Stop: 1.666
Trade active
Got the first profit here with red arrow.
I also moved my stop point to the red horiztonal line.
Did not like the structure.
Trade active
Got another profit.And moved the stop to here:
Note
The position, which I saved from loss with a small profit, then went to the target. I do not regret that my priority in this market has always been not to lose money and to invest as spot as possible.
Note
But I must say that our new stop point has turned into a processing entry point.
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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.