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vorayash05
Sep 6, 2021 4:42 AM

HEG - BO? Long

HEG LTDNSE

Description

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

Entry: 2304
SL: 2199
TP: 2580
RR: 2.6

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.
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