BEL Long Trade (Trendline Support)

Feb 14, 2021

Based on the price action at the trendline support, a Long trade may be planned. The previous High can be set as the short term target. If the price goes higher than the previous High then trailing Stop Loss can be used to maximize the gains. This is easier said than done. I am the absolute worst at trailing the Stop Loss :). But practice !!!

Feb 16, 2021

Trade closed: stop reached

Stop Loss Hit
Entry = 137.70
Stop Loss = 134.00
Loss = 2.65%
Trendline and Support are Broken. Nonetheless, my entry technique was poor.