My trade recommendations are always meant to be educational and never investment advice. Losses incurred on the trades are entirely your responsibility and not mine. The only reason I put real-time education tutorials is to prove that I am not a scam.
Breakouts are always a tricky trade but it is one of the old TA patterns that still has an edge. Breakouts are tricky because of various reasons:
1. Lack of volume spike
2. Consolidation period
3. Candle size
4. Buy after retest or buy straightaway?
These are some to name a few. In this one, I intend to make people understand another shape/form of breakout and the pros and cons associated with them.
Breakouts are always a tricky trade but it is one of the old TA patterns that still has an edge. Breakouts are tricky because of various reasons:
1. Lack of volume spike
2. Consolidation period
3. Candle size
4. Buy after retest or buy straightaway?
These are some to name a few. In this one, I intend to make people understand another shape/form of breakout and the pros and cons associated with them.
Trade closed manually:
Very aggressive entry didn't wait for confirmation. Nothing wrong with the trade.
Trade closed: target reached:
For some this trade must have worked out ok.
SL: 2199
TP: 2580
RR: 2.6