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It is been observed that the price action breakout out from consective trendline indicating buyers in control and shall move up the price action from current levels.
Target: 1270
Target: 1300
Stoploss: 1220
Target: 1270
Target: 1300
Stoploss: 1220
Feb 01
Trade active
Feb 03
Comment:
After a short correction further down from stop loss, the price action did reach to the expected Target 1 at 1270. Regards
Feb 03
Trade closed: target reached
Comments
@StrongTrends, Yes, you're right that it hits the stops but I didn't change the trend, meaning that I didn't form a lower low, which made the trade active. I was lithe tight on stop loss as I was expecting a straight move up but learnt a good lesson from the trade and I shall provide better room for the stops. I appreciate your follow up. Regards
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@NeeteshJain, No worries Sir.. your views are really cool and I am trying to follow them closely.
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@padiyaraa, Thanks Sir, I did perform well and now, shall further move up to 1300 levels. Regards
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