Good for swing trade Channel Pattern
Updated
Good trendline has been break
Risky Traders van enter at Retest of trendline break.
Reason-
1. Good Stop loss hunting below the support zone
2. Bullish engulfing candle formation at bottom
3. trendline break with good volume
Safe traders- (where risky traders can add more quantity)
Can enter once the channel is broken with good volume and after successful retest to the upper side of channel
Risky Traders van enter at Retest of trendline break.
Reason-
1. Good Stop loss hunting below the support zone
2. Bullish engulfing candle formation at bottom
3. trendline break with good volume
Safe traders- (where risky traders can add more quantity)
Can enter once the channel is broken with good volume and after successful retest to the upper side of channel
Trade closed manually
Didn't Get entry
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