Learning Tory's Trade Trading Plan: XPTUSD Trendline Breakout

Updated
Current Status:

- Trendline Touches: 4 touches confirmed
- Analysis: Strong resistance at the trendline; monitoring for trendline breakout.

Trade Setup:

- Entry Point: 975.250 (waiting for trendline breakout)
- Stop Loss: 993.800
- Take Profit: Exit upon break below the trendline

Disclaimer: This journal is for personal educational purposes only. Trading involves risk; always do your own research and consider your financial situation before making any trades.
Trade active
Activated: Price Broke Trendline
Trade closed: stop reached
SL touched, triggering 1800 pip loss.

Lesson:
Price had broken previous high at 978.00, and was making a higher high. So it makes more sense that the price is making an upward move. Check on which high or low is broken and align moves with the trend.
Trend Lines

Disclaimer