NOT LIKELY, it's a what if.
IF the price will break through the resistance, then wait for a retest and take a half of the profits and move stoploss to break even. then full T/P at the next resistance zone.
Simple scalp in a consolidation area, had double confluence because RSI was overbought, and it went in a resistance zone.
because it is in a consolidation however i took the first support zone as a partial take profit and move my stoploss to breakeven. this way i am more secured about a profit.
Short term scalp, saw a rising wedge form coming into a resistance zone, altough i think when it breaks the wedge, it will move bullish. Waiting to take the trade after a retest and set take profit at a higher time frame resistance.
Rising wedge and RSI divergence make me think there will be more bears in the market. I wait for the reversal and a retest to enter in my trade, then i use 3 different take profit zones, all correlating to a previous support or resistance zone.
