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.
Comment
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Entry: 2304 SL: 2199 TP: 2580 RR: 2.6
Trade closed manually
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Very aggressive entry didn't wait for confirmation. Nothing wrong with the trade.