You know the drill, if it breaks and does not put in a new low... drill down low TF and enter with spot. What can go wrong ?
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stop lol
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sidenote. For those who don't understand the meaning of this: Retrace on a breakout from a trendline is perfectly normal. If you can clearly see that no new low has been formed it's a great indicator that this level is strong and buyers are committed. Good luck
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if you want to be less aggressive wait and find an entry on the next confirmation. simple stop loss protects you in any case.
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it turned into a double bottom retest and failure... for the more secure traders, did you take it ?
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congrats if you already are in this trade... time to move stops... you have plenty of % gains to play around with.
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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.